Twinbeech Capital LP Acquires Shares of 61,298 Travel + Leisure Co. (NYSE:TNL)

Twinbeech Capital LP bought a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 61,298 shares of the company's stock, valued at approximately $3,092,000. Twinbeech Capital LP owned 0.09% of Travel + Leisure as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TNL. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure during the 4th quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after buying an additional 503 shares in the last quarter. Natixis acquired a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $37,000. UMB Bank n.a. increased its position in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after acquiring an additional 181 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Tigress Financial upped their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Truist Financial increased 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. Barclays dropped their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Travel + Leisure Stock Down 0.1%

Shares of NYSE:TNL traded down $0.07 during midday trading on Monday, hitting $47.82. The stock had a trading volume of 556,128 shares, compared to its average volume of 641,692. The company has a market cap of $3.18 billion, a P/E ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The business's 50-day simple moving average is $45.47 and its 200-day simple moving average is $50.56.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. The firm had revenue of $934.00 million during 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%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This trade represents a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. The trade was a 69.66% 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 Company 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.