Travel + Leisure Co. $TNL Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its Travel + Leisure stake by 96.3% in the second quarter, selling 92,158 shares and retaining 3,500 shares valued at $268,000. Institutional investors and hedge funds collectively own 87.54% of the company.
• Travel + Leisure reported quarterly EPS of $1.88, matching estimates, while revenue rose 4.4% year over year to $1.06 billion. The company declared a quarterly dividend of $0.60 per share, implying a 3.8% annualized yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $89.18 versus the stock’s reported price of $63.77.

WINTON GROUP Ltd lessened its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 96.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the company's stock after selling 92,158 shares during the period. WINTON GROUP Ltd's holdings in Travel + Leisure were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Travel + Leisure by 13,195.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,925 shares of the company's stock valued at $224,000 after acquiring an additional 2,903 shares in the last quarter. Nykredit A S bought a new position in shares of Travel + Leisure in the second quarter worth $216,000. Allianz Asset Management GmbH increased its holdings in shares of Travel + Leisure by 3,677.9% during the second quarter. Allianz Asset Management GmbH now owns 301,478 shares of the company's stock valued at $23,042,000 after purchasing an additional 293,498 shares during the period. Corient Private Wealth LP increased its holdings in shares of Travel + Leisure by 23.8% during the second quarter. Corient Private Wealth LP now owns 171,547 shares of the company's stock valued at $13,111,000 after purchasing an additional 33,002 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Travel + Leisure by 5.9% during the second quarter. HighTower Advisors LLC now owns 47,706 shares of the company's stock valued at $3,646,000 after purchasing an additional 2,671 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

TNL opened at $63.77 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 17.42, a P/E/G ratio of 0.44 and a beta of 1.15. The stock's fifty day moving average is $72.05 and its 200-day moving average is $71.35. Travel + Leisure Co. has a one year low of $58.07 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.Travel + Leisure's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. On average, equities research analysts forecast that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. Travel + Leisure's dividend payout ratio (DPR) is 65.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a "market outperform" rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Barclays raised their target price on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Susquehanna assumed coverage on shares of Travel + Leisure in a research report on Tuesday, August 18th. They set a "positive" rating and a $95.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of Travel + Leisure from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average target price of $89.18.

Insider Activity

In other news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the transaction, the insider owned 1,600 shares of the company's stock, valued at $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kimberly Marshall sold 32,691 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,635 shares of company stock worth $6,503,559. Corporate insiders own 4.01% of the company's stock.

About Travel + Leisure

Travel + Leisure Co NYSE: TNL is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.

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