October 10, 2024

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SG Americas Securities LLC Decreases Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

SG Americas Securities LLC Decreases Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

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

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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.

See Also

Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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