Versor Investments LP Invests $514,000 in Travel + Leisure Co. $TNL

Key Points

• Versor Investments LP has acquired a new stake of 11,100 shares in Travel + Leisure Co. for approximately $514,000 during the first quarter.
• Travel + Leisure has seen significant increases in ownership by institutional investors, with 87.54% of the stock held by hedge funds and other institutions.
• The company announced a quarterly dividend of $0.56 per share, representing a 3.7% yield, to be paid to investors on September 30th.

Versor Investments LP bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,100 shares of the company's stock, valued at approximately $514,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital Analysts LLC grew its stake in Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after acquiring an additional 227 shares in the last quarter. KBC Group NV grew its stake in Travel + Leisure by 8.1% during the first quarter. KBC Group NV now owns 3,128 shares of the company's stock valued at $145,000 after acquiring an additional 235 shares in the last quarter. Cetera Investment Advisers grew its stake in Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company's stock valued at $499,000 after acquiring an additional 317 shares in the last quarter. UMB Bank n.a. grew its stake in Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Travel + Leisure by 26.6% during the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock valued at $95,000 after acquiring an additional 429 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Down 0.7%

TNL traded down $0.4450 on Monday, reaching $62.0450. 436,106 shares of the company traded hands, compared to its average volume of 701,765. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $63.31. The firm has a fifty day simple moving average of $57.17 and a two-hundred day simple moving average of $51.52. The company has a market cap of $4.03 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast 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 Tuesday, September 30th. Stockholders of record on Friday, September 12th will be issued a $0.56 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. Travel + Leisure's payout ratio is currently 38.62%.

Insiders Place Their Bets

In other news, Director George Herrera sold 2,200 shares of Travel + Leisure stock in a transaction that occurred 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 owned 559 shares of the company's stock, valued at $33,808.32. The trade was a 79.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction that occurred 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 transaction, the insider directly owned 142,553 shares in the company, valued at approximately $8,885,328.49. The trade was a 43.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TNL. JMP Securities lifted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 24th. Barclays lifted their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.