Gotham Asset Management LLC Boosts Holdings in Travel + Leisure Co. $TNL

Gotham Asset Management LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 139.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 631,336 shares of the company’s stock after buying an additional 367,356 shares during the quarter. Gotham Asset Management LLC’s holdings in Travel + Leisure were worth $44,528,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Travel + Leisure during the third quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the 4th quarter valued at approximately $43,000. Geneos Wealth Management Inc. increased its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Travel + Leisure by 102.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock worth $51,000 after buying an additional 422 shares in the last quarter. Finally, Rossby Financial LCC lifted its holdings in shares of Travel + Leisure by 13.1% in the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of analyst reports. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company reduced their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. 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. Citizens Jmp increased their price target on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Finally, Stifel Nicolaus set a $89.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.40.

Travel + Leisure Stock Up 1.1%

Travel + Leisure stock opened at $75.97 on Thursday. The firm has a market capitalization of $4.74 billion, a PE ratio of 21.34, a P/E/G ratio of 0.57 and a beta of 1.17. Travel + Leisure Co. has a 52 week low of $47.74 and a 52 week high of $81.00. The firm’s 50-day simple moving average is $69.37 and its 200 day simple moving average is $70.84.

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, research analysts expect that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is currently 67.42%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Marshall sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total value of $1,964,760.00. Following the transaction, the insider directly owned 33,191 shares of the company’s stock, valued at $2,329,012.47. The trade was a 45.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,074 shares of company stock worth $3,907,122 in the last quarter. Insiders own 4.01% of the company’s stock.

Travel + Leisure Company 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.