Travel + Leisure Co. $TNL Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 13,198.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 521,031 shares of the company’s stock after acquiring an additional 517,113 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.81% of Travel + Leisure worth $30,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Travel + Leisure by 231.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after buying an additional 482,731 shares during the last quarter. Compass Wealth Management LLC purchased a new position in Travel + Leisure during the third quarter worth about $1,707,000. ING Groep NV lifted its position in Travel + Leisure by 115.0% in the third quarter. ING Groep NV now owns 63,000 shares of the company’s stock valued at $3,748,000 after purchasing an additional 33,700 shares during the period. Advisors Capital Management LLC boosted its holdings in Travel + Leisure by 1.1% in the 2nd quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock valued at $20,633,000 after purchasing an additional 4,242 shares in the last quarter. Finally, Ethic Inc. increased its position in Travel + Leisure by 132.0% during the 3rd quarter. Ethic Inc. now owns 27,108 shares of the company’s stock worth $1,613,000 after purchasing an additional 15,422 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $65.17, for a total value of $4,074,754.25. Following the transaction, the insider directly owned 39,604 shares in the company, valued at approximately $2,580,992.68. This represents a 61.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. The disclosure for this sale is available in the SEC filing. Insiders own 3.75% of the company’s stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $75.46 on Friday. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $81.00. The business has a 50 day moving average price of $72.11 and a 200 day moving average price of $65.98. The company has a market capitalization of $4.85 billion, a P/E ratio of 22.13, a P/E/G ratio of 0.64 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business posted $1.72 earnings per share. Travel + Leisure’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on TNL shares. Citizens Jmp raised their price target on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday. Wells Fargo & Company raised their target price on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday. Mizuho set a $107.00 price objective on shares of Travel + Leisure in a research note on Thursday. Finally, Morgan Stanley upped their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.90.

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.