Dynamic Technology Lab Private Ltd Invests $2.62 Million in Travel + Leisure Co. $TNL

Key Points

• Dynamic Technology Lab Private Ltd acquired 56,621 shares of Travel + Leisure Co., valued at approximately $2.62 million, making it the 29th largest position in their investment portfolio.
• Travel + Leisure Co. reported earnings per share (EPS) of $1.65 for the latest quarter, missing analysts' estimates, but achieved a revenue of $1.02 billion, slightly exceeding expectations.
• The company's quarterly dividend of $0.56 per share, representing a 3.6% yield, will be distributed on September 30th to stockholders of record as of September 12th.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,621 shares of the company's stock, valued at approximately $2,621,000. Travel + Leisure accounts for about 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 29th biggest position. Dynamic Technology Lab Private Ltd owned about 0.09% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elequin Capital LP bought a new position in Travel + Leisure during the 1st quarter worth $30,000. UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure during the first quarter valued at $54,000. Rossby Financial LCC bought a new position in shares of Travel + Leisure during the first quarter worth about $55,000. Finally, Fifth Third Bancorp increased its holdings in shares of Travel + Leisure by 61.5% in the 1st quarter. Fifth Third Bancorp now owns 1,873 shares of the company's stock worth $87,000 after acquiring an additional 713 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the transaction, the insider owned 142,553 shares of the company's stock, valued at approximately $8,885,328.49. This trade represents a 43.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 2,200 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total value of $133,056.00. Following the sale, the director owned 559 shares in the company, valued at approximately $33,808.32. The trade was a 79.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 320,174 shares of company stock valued at $19,765,874 in the last 90 days. 3.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Barclays boosted their price objective on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. JMP Securities raised their target price on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research report on Thursday, July 24th. Finally, Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and a consensus target price of $62.30.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded down $0.80 during trading on Tuesday, hitting $62.20. The stock had a trading volume of 512,530 shares, compared to its average volume of 603,110. The business has a fifty day moving average of $59.85 and a two-hundred day moving average of $52.05. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $64.11. The firm has a market cap of $4.04 billion, a P/E ratio of 10.72, a PEG ratio of 0.60 and a beta of 1.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. As a group, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

Travel + Leisure Profile

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.