GSA Capital Partners LLP Buys 23,807 Shares of Travel + Leisure Co. (NYSE:TNL)

GSA Capital Partners LLP lifted its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 300.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,727 shares of the company's stock after buying an additional 23,807 shares during the quarter. GSA Capital Partners LLP's holdings in Travel + Leisure were worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Travel + Leisure by 31.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company's stock valued at $298,000 after purchasing an additional 1,397 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Travel + Leisure during the 4th quarter valued at approximately $752,000. LPL Financial LLC raised its stake in Travel + Leisure by 1.2% during the 4th quarter. LPL Financial LLC now owns 37,983 shares of the company's stock valued at $1,916,000 after purchasing an additional 468 shares during the period. Norges Bank bought a new stake in Travel + Leisure during the 4th quarter valued at approximately $45,804,000. Finally, Pictet Asset Management Holding SA raised its stake in Travel + Leisure by 19.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 10,271 shares of the company's stock valued at $518,000 after purchasing an additional 1,638 shares during the period. Institutional investors own 87.54% of the company's stock.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, 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 value of $7,785,842.24. Following the completion of the sale, the insider directly owned 118,718 shares in the company, valued at approximately $7,426,998.08. This represents a 51.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly Marshall sold 16,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.00, for a total value of $990,000.00. Following the completion of the sale, the insider owned 56,736 shares of the company's stock, valued at $3,404,160. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 323,474 shares of company stock worth $19,908,918 over the last quarter. 3.75% of the stock is owned by insiders.

Analyst Ratings Changes

TNL has been the topic of several recent analyst reports. Barclays lifted their target price on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Stock Down 1.4%

TNL traded down $0.85 during trading hours on Friday, reaching $58.40. 798,445 shares of the company's stock traded hands, compared to its average volume of 777,308. The firm has a 50-day moving average price of $53.68 and a 200 day moving average price of $50.91. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $63.31. The firm has a market capitalization of $3.79 billion, a PE ratio of 10.07, a PEG ratio of 0.57 and a beta of 1.43.

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

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued 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 yield of 3.8%. Travel + Leisure's payout ratio 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.