SG Americas Securities LLC trimmed its position in Travel + Leisure Co. (NYSE:TNL – Get Rating) by 67.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,668 shares of the company’s stock after selling 56,597 shares during the quarter. SG Americas Securities LLC’s holdings in Travel + Leisure were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.
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Several other hedge funds also recently made changes to their positions in TNL. GMT Capital Corp purchased a new position in shares of Travel + Leisure in the second quarter worth $67,112,000. BlackRock Inc. increased its stake in shares of Travel + Leisure by 13.9% in the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after buying an additional 1,197,611 shares during the period. Copeland Capital Management LLC increased its stake in shares of Travel + Leisure by 198.1% in the second quarter. Copeland Capital Management LLC now owns 1,006,481 shares of the company’s stock worth $39,071,000 after buying an additional 668,819 shares during the period. Invesco Ltd. increased its stake in shares of Travel + Leisure by 11.8% in the first quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock worth $350,980,000 after buying an additional 636,968 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Travel + Leisure by 82.9% in the second quarter. AQR Capital Management LLC now owns 1,261,767 shares of the company’s stock worth $48,149,000 after buying an additional 572,057 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Travel + Leisure news, Director George Herrera sold 882 shares of the business’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $38.58, for a total value of $34,027.56. Following the completion of the transaction, the director now owns 40,320 shares of the company’s stock, valued at approximately $1,555,545.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.07% of the stock is currently owned by company insiders.
Travel + Leisure Trading Down 1.5 %
Shares of TNL stock opened at $40.31 on Thursday. The stock has a market cap of $3.28 billion, a PE ratio of 9.27 and a beta of 1.65. The company’s fifty day moving average price is $37.80 and its 200-day moving average price is $39.76. Travel + Leisure Co. has a 12 month low of $33.57 and a 12 month high of $63.19.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.01). The firm had revenue of $937.00 million during the quarter, compared to the consensus estimate of $943.06 million. Travel + Leisure had a negative return on equity of 45.32% and a net margin of 10.57%. On average, sell-side analysts forecast that Travel + Leisure Co. will post 4.44 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Wednesday, December 14th. Travel + Leisure’s payout ratio is 36.78%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, November 15th. Credit Suisse Group cut shares of Travel + Leisure from an “outperform” rating to an “underperform” rating in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Travel + Leisure from $69.00 to $62.00 in a report on Friday, October 28th. Finally, Barclays dropped their target price on shares of Travel + Leisure to $43.00 in a report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of “Hold” and a consensus target price of $61.00.
Travel + Leisure Company Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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