Fox Run Management L.L.C. Has $347,000 Position in Travel + Leisure Co. $TNL

Key Points

• Fox Run Management L.L.C. reduced its stake in Travel + Leisure Co. by 47.0%, selling 6,657 shares and leaving it with 7,505 shares valued at approximately $347,000 at the end of Q1.
• Insider transactions included Jeffrey Myers selling 110,885 shares for over $6.9 million, indicating a significant decrease of 43.75% in ownership.
• Travel + Leisure announced a quarterly dividend of $0.56 per share, yielding 3.7%, with a planned payment date of September 30th.

Fox Run Management L.L.C. lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 47.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,505 shares of the company's stock after selling 6,657 shares during the quarter. Fox Run Management L.L.C.'s holdings in Travel + Leisure were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cookson Peirce & Co. Inc. raised its holdings in Travel + Leisure by 14.2% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,348 shares of the company's stock valued at $618,000 after acquiring an additional 1,664 shares during the period. Ranmore Fund Management Ltd increased its stake in shares of Travel + Leisure by 621.1% during the first quarter. Ranmore Fund Management Ltd now owns 255,000 shares of the company's stock worth $11,804,000 after purchasing an additional 219,637 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Travel + Leisure by 19.3% during the first quarter. Russell Investments Group Ltd. now owns 187,823 shares of the company's stock worth $8,695,000 after purchasing an additional 30,348 shares during the period. HighTower Advisors LLC lifted its holdings in Travel + Leisure by 314.4% during the 1st quarter. HighTower Advisors LLC now owns 41,369 shares of the company's stock worth $1,915,000 after purchasing an additional 31,387 shares during the last quarter. Finally, CCM Investment Group LLC bought a new stake in Travel + Leisure in the 1st quarter valued at $431,000. Institutional investors own 87.54% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total transaction of $133,056.00. Following the sale, the director owned 559 shares of the company's stock, valued at approximately $33,808.32. The trade was a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider owned 118,718 shares of the company's stock, valued at $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 320,174 shares of company stock worth $19,765,874 in the last quarter. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Trading Down 0.7%

NYSE TNL traded down $0.4450 on Monday, hitting $62.0450. 436,106 shares of the company's stock were exchanged, compared to its average volume of 701,765. The stock has a 50-day moving average of $57.17 and a 200-day moving average of $51.52. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.60 and a beta of 1.43. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.31.

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

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. Travel + Leisure's dividend payout ratio is 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.