Harbor Capital Advisors Inc. Has $2.31 Million Position in Travel + Leisure Co. (NYSE:TNL)

Harbor Capital Advisors Inc. trimmed its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 23.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,903 shares of the company's stock after selling 15,091 shares during the quarter. Harbor Capital Advisors Inc. owned 0.07% of Travel + Leisure worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TNL. Smartleaf Asset Management LLC lifted its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after purchasing an additional 200 shares during the period. Capital Analysts LLC boosted its position in shares of Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after purchasing an additional 227 shares during the period. Hourglass Capital LLC raised its stake in Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after acquiring an additional 230 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Travel + Leisure by 2.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company's stock valued at $451,000 after acquiring an additional 236 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded down $2.51 during trading on Friday, hitting $47.77. The company had a trading volume of 768,392 shares, compared to its average volume of 644,336. The company has a market cap of $3.17 billion, a P/E ratio of 8.18, a PEG ratio of 0.67 and a beta of 1.37. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The business's 50-day moving average is $46.52 and its 200 day moving average is $50.02.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. On average, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

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 issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio is presently 37.40%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TNL. Barclays lowered their price target on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group lowered 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. Morgan Stanley lowered their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho restated a "neutral" rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Insider Buying and Selling at Travel + Leisure

In other 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 transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

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.