Quantbot Technologies LP Acquires New Position in Travel + Leisure Co. $TNL

Quantbot Technologies LP acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,573 shares of the company’s stock, valued at approximately $808,000.

A number of other large investors have also recently bought and sold shares of TNL. Louisiana State Employees Retirement System acquired a new position in Travel + Leisure during the 1st quarter valued at approximately $1,294,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Travel + Leisure in the fourth quarter worth $2,231,000. LSV Asset Management lifted its stake in Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after buying an additional 17,377 shares during the last quarter. UBS Group AG lifted its stake in Travel + Leisure by 21.5% in the fourth quarter. UBS Group AG now owns 280,291 shares of the company’s stock valued at $19,769,000 after buying an additional 49,519 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Travel + Leisure by 12.7% during the fourth quarter. Truist Financial Corp now owns 738,304 shares of the company’s stock valued at $52,073,000 after acquiring an additional 83,414 shares during the period. Institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TNL shares. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho boosted their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Morgan Stanley raised their price target on shares of Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Wells Fargo & Company lifted their price target on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the transaction, the insider directly owned 1,600 shares in the company, valued at approximately $121,040. This trade represents a 95.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The SEC filing for this sale provides additional information. Insiders sold 95,135 shares of company stock worth $7,022,699 over the last ninety days. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Performance

Shares of TNL opened at $73.58 on Thursday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. Travel + Leisure Co. has a one year low of $58.07 and a one year high of $81.00. The stock’s fifty day moving average is $75.05 and its 200-day moving average is $72.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 earnings per share. Analysts forecast that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s payout ratio is 65.57%.

About Travel + Leisure

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.