Boothbay Fund Management LLC Acquires Shares of 12,706 Travel + Leisure Co. (NYSE:TNL)

Boothbay Fund Management LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,706 shares of the company's stock, valued at approximately $641,000.

Several other large investors have also recently bought and sold shares of TNL. Norges Bank acquired a new position in shares of Travel + Leisure during the 4th quarter worth $45,804,000. Invesco Ltd. grew its position in Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after buying an additional 163,804 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after buying an additional 122,173 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Travel + Leisure by 177.5% during the 4th quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock valued at $8,470,000 after acquiring an additional 107,389 shares during the period. Finally, Barclays PLC boosted its stake in shares of Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TNL shares. Morgan Stanley reduced their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Mizuho restated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Finally, Truist Financial increased their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Stock Down 0.1 %

Shares of TNL traded down $0.07 on Monday, hitting $47.19. 269,571 shares of the stock traded hands, compared to its average volume of 630,465. The firm has a market capitalization of $3.13 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The stock's 50 day moving average is $46.30 and its two-hundred day moving average is $50.51.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.75%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 37.40%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.