GSA Capital Partners LLP Has $1.47 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

GSA Capital Partners LLP lifted its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 300.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,727 shares of the company's stock after buying an additional 23,807 shares during the period. GSA Capital Partners LLP's holdings in Travel + Leisure were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after buying an additional 163,804 shares in the last quarter. AQR Capital Management LLC increased its position in Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock worth $71,358,000 after buying an additional 58,944 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Travel + Leisure by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock worth $52,302,000 after acquiring an additional 90,553 shares in the last quarter. Norges Bank acquired a new stake in shares of Travel + Leisure in the fourth quarter worth $45,804,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Travel + Leisure by 25.1% during the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after purchasing an additional 180,059 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insider Activity at Travel + Leisure

In related news, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the transaction, the director owned 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Michael Duncan sold 8,201 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares in the company, valued at $1,244,800. This trade represents a 29.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 323,474 shares of company stock valued at $19,908,918. 3.75% of the stock is owned by company insiders.

Travel + Leisure Trading Down 1.2%

Shares of Travel + Leisure stock traded down $0.73 during mid-day trading on Wednesday, reaching $61.83. 781,943 shares of the stock were exchanged, compared to its average volume of 745,013. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.31. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38. The firm has a 50-day simple moving average of $53.24 and a 200 day simple moving average of $50.80.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $1.52 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.62%. Travel + Leisure's payout ratio is presently 38.62%.

Wall Street Analyst Weigh In

Several research firms have commented on TNL. Morgan Stanley cut their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JMP Securities increased their price objective on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Barclays set a $54.00 price target on Travel + Leisure and gave the stock an "underweight" rating in a report on Thursday, July 24th. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group reduced their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and an average price target of $62.30.

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.