GSA Capital Partners LLP Takes Position in Travel + Leisure Co. $TNL

GSA Capital Partners LLP bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,577 shares of the company’s stock, valued at approximately $958,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new position in Travel + Leisure during the 3rd quarter valued at about $30,000. CNB Bank acquired a new position in Travel + Leisure during the 3rd quarter valued at about $32,000. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure during the 4th quarter valued at about $43,000. CENTRAL TRUST Co boosted its stake in Travel + Leisure by 181.5% during the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Travel + Leisure by 102.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after purchasing an additional 422 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Trading Down 0.3%

TNL stock opened at $65.07 on Friday. Travel + Leisure Co. has a 52 week low of $46.75 and a 52 week high of $81.00. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The firm’s 50-day moving average is $69.01 and its two-hundred day moving average is $69.92.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same period in the previous year, the firm earned $1.11 EPS. Travel + Leisure’s revenue 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is presently 67.42%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, CFO Erik D. Hoag bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average cost of $65.67 per share, for a total transaction of $65,670.00. Following the acquisition, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at $65,670. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the completion of the sale, the director owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,334 shares of company stock valued at $9,004,352 over the last quarter. Company insiders own 4.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TNL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Oppenheimer reissued an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research note on Wednesday, February 18th. Morgan Stanley reduced their target price on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wells Fargo & Company dropped their price target on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, Citizens Jmp boosted their price target on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

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.