Landscape Capital Management L.L.C. Takes $2.11 Million Position in Travel + Leisure Co. $TNL

Landscape Capital Management L.L.C. purchased a new stake in Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 27,619 shares of the company’s stock, valued at approximately $2,111,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its position in Travel + Leisure by 42.0% during the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after purchasing an additional 26,965 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Travel + Leisure in the 1st quarter worth approximately $396,000. Millennium Management LLC lifted its position in shares of Travel + Leisure by 129.5% in the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after purchasing an additional 233,345 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Travel + Leisure by 97.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after purchasing an additional 98,647 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Travel + Leisure in the 1st quarter valued at $206,000. 87.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total value of $2,451,825.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director owned 1,353 shares of the company’s stock, valued at $101,691.48. This represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 95,135 shares of company stock worth $7,022,699. 4.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TNL shares. Zacks Research downgraded shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Wells Fargo & Company increased their price target on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $71.63 on Friday. Travel + Leisure Co. has a 52-week low of $58.07 and a 52-week high of $81.00. The business’s 50 day simple moving average is $75.15 and its two-hundred day simple moving average is $72.11. The firm has a market cap of $4.38 billion, a P/E ratio of 19.57, a PEG ratio of 0.49 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Travel + Leisure Co. will post 7.6 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s payout ratio is 65.57%.

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.