GAMMA Investing LLC Increases Position in Travel + Leisure Co. (NYSE:TNL)

GAMMA Investing LLC lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 5,758.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,617 shares of the company's stock after buying an additional 93,002 shares during the quarter. GAMMA Investing LLC owned approximately 0.14% of Travel + Leisure worth $4,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TNL. Versant Capital Management Inc increased its holdings in Travel + Leisure by 844.9% in the 1st quarter. Versant Capital Management Inc now owns 6,019 shares of the company's stock worth $279,000 after acquiring an additional 5,382 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Travel + Leisure by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,955 shares of the company's stock worth $2,016,000 after purchasing an additional 693 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Travel + Leisure during the 4th quarter worth about $4,268,000. Mackenzie Financial Corp raised its position in shares of Travel + Leisure by 405.4% during the 4th quarter. Mackenzie Financial Corp now owns 64,918 shares of the company's stock worth $3,275,000 after purchasing an additional 52,072 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in Travel + Leisure in the 4th quarter valued at about $713,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded down $0.05 during trading on Thursday, hitting $49.92. 86,514 shares of the company were exchanged, compared to its average volume of 640,612. The company has a fifty day moving average price of $46.13 and a 200-day moving average price of $50.19. The firm has a market capitalization of $3.32 billion, a PE ratio of 8.55, a P/E/G ratio of 0.67 and a beta of 1.37. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95.

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

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.56 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 4.49%. Travel + Leisure's payout ratio is 37.40%.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company's 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 transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the transaction, the director now directly owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

Analysts Set New Price Targets

TNL has been the topic of several research reports. Barclays decreased their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Tigress Financial increased their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Truist Financial raised their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and an average price target of $59.20.

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.