Dynamic Technology Lab Private Ltd Takes Position in Travel + Leisure Co. $TNL

Dynamic Technology Lab Private Ltd purchased a new stake in Travel + Leisure Co. (NYSE:TNL) in the first quarter, Holdings Channel reports. The firm purchased 56,621 shares of the company’s stock, valued at approximately $2,621,000. Travel + Leisure comprises about 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also made changes to their positions in TNL. Ameriprise Financial Inc. increased its holdings in shares of Travel + Leisure by 1.8% in the 4th quarter. Ameriprise Financial Inc. now owns 327,217 shares of the company’s stock valued at $16,508,000 after acquiring an additional 5,764 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Travel + Leisure in the 4th quarter valued at approximately $2,684,000. Balyasny Asset Management L.P. bought a new stake in shares of Travel + Leisure in the 4th quarter valued at approximately $233,000. Captrust Financial Advisors increased its holdings in shares of Travel + Leisure by 29.7% in the 4th quarter. Captrust Financial Advisors now owns 6,303 shares of the company’s stock valued at $318,000 after acquiring an additional 1,445 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Travel + Leisure in the 4th quarter valued at approximately $352,000. 87.54% of the stock is currently owned by institutional investors.

Insider Transactions at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 8,201 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the sale, the chief accounting officer directly owned 20,000 shares in the company, valued at $1,244,800. This trade represents a 29.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the completion of the sale, the director owned 559 shares in the company, valued at approximately $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 320,174 shares of company stock worth $19,765,874 over the last quarter. Insiders own 3.75% of the company’s stock.

Travel + Leisure Trading Down 1.3%

Shares of NYSE TNL opened at $62.66 on Friday. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $64.12. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.44. The stock’s 50 day simple moving average is $59.46 and its 200 day simple moving average is $51.96.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. JMP Securities raised their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 24th. Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.30.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel 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, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.