Travel + Leisure Co. $TNL Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 13,198.4% in the third quarter, HoldingsChannel reports. The fund owned 521,031 shares of the company’s stock after buying an additional 517,113 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Travel + Leisure were worth $30,996,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TNL. Hillsdale Investment Management Inc. acquired a new position in Travel + Leisure during the second quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its stake in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after buying an additional 382 shares during the period. CNB Bank acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth $32,000. Geneos Wealth Management Inc. raised its position in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure in the second quarter valued at $45,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TNL. Oppenheimer restated an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, January 21st. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a research report on Wednesday. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, The Goldman Sachs Group increased their price target on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.90.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $75.46 on Friday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 0.64 and a beta of 1.38. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The company’s 50-day simple moving average is $72.11 and its 200-day simple moving average is $65.98.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.72 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 559 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. Additional details regarding this sale are available in the official SEC disclosure. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.