Quantinno Capital Management LP Raises Position in Travel + Leisure Co. $TNL

Quantinno Capital Management LP increased its stake in Travel + Leisure Co. (NYSE:TNL) by 21.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,305,515 shares of the company’s stock after purchasing an additional 232,711 shares during the quarter. Quantinno Capital Management LP’s holdings in Travel + Leisure were worth $90,329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TNL. Danske Bank A S purchased a new position in Travel + Leisure in the 3rd quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure during the fourth quarter valued at approximately $43,000. Assetmark Inc. lifted its position in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Travel + Leisure by 27.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock valued at $88,000 after purchasing an additional 265 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director owned 1,977 shares in the company, valued at approximately $126,191.91. The trade was a 55.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the completion of the sale, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,000 shares of company stock valued at $2,161,915 in the last quarter. Insiders own 4.01% of the company’s stock.

Travel + Leisure Trading Up 3.0%

Shares of NYSE TNL opened at $76.28 on Tuesday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The business has a 50 day simple moving average of $72.81 and a 200-day simple moving average of $71.70. Travel + Leisure Co. has a twelve month low of $56.66 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. As a group, equities analysts predict that Travel + Leisure Co. will post 7.58 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s payout ratio is currently 65.57%.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Zacks Research upgraded Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Morgan Stanley increased their price target on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $86.90.

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.