Trexquant Investment LP Has $1.67 Million Stake in Travel + Leisure Co. $TNL

Key Points

• Trexquant Investment LP significantly reduced its stake in Travel + Leisure Co. by 78.5%, selling 131,740 shares and now holding just 36,148 shares valued at approximately $1.67 million.
• Travel + Leisure's quarterly earnings report revealed earnings per share of $1.65, slightly missing the consensus estimate by $0.01, while achieving revenues of $1.02 billion.
• Eight analysts currently rate Travel + Leisure with a Buy rating and the stock has an average price target of $62.30, reflecting a moderate buy consensus.

Trexquant Investment LP lessened its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 78.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,148 shares of the company's stock after selling 131,740 shares during the quarter. Trexquant Investment LP owned about 0.05% of Travel + Leisure worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Travel + Leisure by 210.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock worth $1,666,000 after buying an additional 24,329 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock worth $46,039,000 after buying an additional 79,430 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Travel + Leisure during the 1st quarter worth about $261,000. GAMMA Investing LLC lifted its holdings in Travel + Leisure by 26.6% during the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock worth $95,000 after buying an additional 429 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Travel + Leisure by 10.1% during the first quarter. Cerity Partners LLC now owns 21,529 shares of the company's stock worth $997,000 after purchasing an additional 1,980 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Trading Down 1.1%

Travel + Leisure stock traded down $0.71 during midday trading on Wednesday, hitting $61.52. The stock had a trading volume of 516,925 shares, compared to its average volume of 602,872. The stock has a market cap of $3.99 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.60 and a beta of 1.44. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11. The business has a fifty day moving average price of $59.96 and a 200 day moving average price of $52.11.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's dividend payout ratio is 38.62%.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 2,200 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the transaction, the director directly owned 559 shares of the company's stock, valued at approximately $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Myers sold 110,885 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the completion of the sale, the insider owned 142,553 shares of the company's stock, valued at $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on TNL. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Barclays increased their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. JMP Securities upped their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Finally, Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.30.

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.