13,577 Shares in Travel + Leisure Co. $TNL Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,577 shares of the company’s stock, valued at approximately $958,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TNL. AQR Capital Management LLC raised its holdings in shares of Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Travel + Leisure during the third quarter valued at approximately $38,959,000. Jupiter Asset Management Ltd. raised its holdings in shares of Travel + Leisure by 13,198.4% during the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after acquiring an additional 517,113 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after acquiring an additional 482,731 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Travel + Leisure by 8.4% during the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock valued at $207,392,000 after acquiring an additional 270,474 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Insider Activity at Travel + Leisure

In related news, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the transaction, the insider directly owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88. Following the transaction, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 120,334 shares of company stock valued at $9,004,352. Company insiders own 4.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TNL. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Barclays cut their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley cut their price target on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, Citizens Jmp boosted their price target on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Travel + Leisure Stock Performance

Shares of TNL opened at $65.07 on Friday. The company’s 50 day moving average price is $69.01 and its 200 day moving average price is $69.92. Travel + Leisure Co. has a 52 week low of $46.75 and a 52 week high of $81.00. The company has a market capitalization of $4.06 billion, a PE ratio of 18.28, a PEG ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.7%. Travel + Leisure’s payout ratio is presently 67.42%.

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.