Vista Investment Partners LLC Acquires Shares of 45,957 Travel + Leisure Co. (NYSE:TNL)

Vista Investment Partners LLC bought a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,957 shares of the company's stock, valued at approximately $2,127,000. Vista Investment Partners LLC owned approximately 0.07% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Travel + Leisure by 5,758.6% in the 1st quarter. GAMMA Investing LLC now owns 94,617 shares of the company's stock valued at $4,380,000 after acquiring an additional 93,002 shares in the last quarter. Atlas Capital Advisors Inc. raised its position in Travel + Leisure by 1,141.0% in the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after buying an additional 10,817 shares during the last quarter. Nomura Holdings Inc. bought a new position in Travel + Leisure during the 4th quarter valued at about $458,000. Amundi boosted its holdings in shares of Travel + Leisure by 22.8% during the 4th quarter. Amundi now owns 5,940 shares of the company's stock valued at $302,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Travel + Leisure in the first quarter worth approximately $261,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Activity at Travel + Leisure

In other news, Director Denny Marie Post sold 5,500 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the sale, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. This represents a 55.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.75% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Performance

TNL opened at $49.21 on Tuesday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37. The firm's fifty day moving average is $46.73 and its 200 day moving average is $49.98. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.55%. Travel + Leisure's dividend payout ratio is 37.40%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TNL shares. The Goldman Sachs Group cut 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 report on Monday, April 14th. Mizuho restated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays dropped their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Tigress Financial upped their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

About Travel + Leisure

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.

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