Voloridge Investment Management LLC Invests $6.30 Million in Travel + Leisure Co. (NYSE:TNL)

Voloridge Investment Management LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 124,963 shares of the company's stock, valued at approximately $6,304,000. Voloridge Investment Management LLC owned about 0.18% of Travel + Leisure at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Atlas Capital Advisors Inc. raised its holdings in Travel + Leisure by 1,141.0% in the fourth 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. Amundi raised its holdings in Travel + Leisure by 22.8% in the fourth quarter. Amundi now owns 5,940 shares of the company's stock worth $302,000 after buying an additional 1,103 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Travel + Leisure by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock worth $10,130,000 after buying an additional 8,374 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after buying an additional 122,173 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.20 on Thursday, reaching $48.66. The stock had a trading volume of 269,753 shares, compared to its average volume of 639,878. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The stock has a market cap of $3.23 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a 50 day simple moving average of $45.52 and a 200 day simple moving average of $50.49.

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

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's payout ratio is currently 37.40%.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Morgan Stanley reduced their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Tigress Financial boosted their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Mizuho reaffirmed a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

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.