Travel + Leisure Co. $TNL is GMT Capital Corp’s 7th Largest Position

GMT Capital Corp decreased its holdings in Travel + Leisure Co. (NYSE:TNL) by 19.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,395,541 shares of the company’s stock after selling 337,400 shares during the period. Travel + Leisure accounts for about 5.1% of GMT Capital Corp’s investment portfolio, making the stock its 7th biggest holding. GMT Capital Corp’s holdings in Travel + Leisure were worth $98,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TNL. Norges Bank purchased a new stake in Travel + Leisure in the 4th quarter valued at $62,162,000. AQR Capital Management LLC raised its position in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Travel + Leisure by 13,198.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after purchasing an additional 517,113 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Travel + Leisure by 124.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock valued at $40,024,000 after purchasing an additional 314,481 shares during the last quarter. Finally, Invesco Ltd. raised its position in Travel + Leisure by 8.4% in the 3rd quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock valued at $207,392,000 after purchasing an additional 270,474 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.8%

NYSE:TNL opened at $74.21 on Friday. The firm has a 50-day moving average price of $69.14 and a two-hundred day moving average price of $70.66. Travel + Leisure Co. has a twelve month low of $47.61 and a twelve month high of $81.00. The company has a market capitalization of $4.63 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $954.81 million. During the same period last year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 7.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 1,748 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88. Following the completion of the transaction, the director directly owned 1,853 shares in the company, valued at approximately $130,284.43. This trade represents a 48.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Dean Brown sold 9,443 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the transaction, the insider owned 487,303 shares of the company’s stock, valued at $38,550,540.33. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,536 shares of company stock worth $4,078,007 in the last three months. Company insiders own 4.01% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Wells Fargo & Company cut their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $85.40.

Travel + Leisure 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.