GMT Capital Corp Has $134.16 Million Stock Position in Travel + Leisure Co. (NYSE:TNL)

GMT Capital Corp lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,659,341 shares of the company's stock after selling 808,500 shares during the quarter. Travel + Leisure makes up 6.5% of GMT Capital Corp's holdings, making the stock its 4th biggest holding. GMT Capital Corp owned approximately 3.89% of Travel + Leisure worth $134,164,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TNL. Invesco Ltd. boosted its stake in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Copeland Capital Management LLC boosted its position in Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after buying an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Norges Bank acquired a new position in Travel + Leisure in the 4th quarter valued at approximately $45,804,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Travel + Leisure by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock valued at $45,691,000 after acquiring an additional 45,447 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded down $0.46 during trading on Monday, hitting $43.56. 285,180 shares of the company traded hands, compared to its average volume of 626,667. The business's fifty day moving average is $47.46 and its 200 day moving average is $50.56. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.67 and a beta of 1.40. 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 announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company's quarterly 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, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 5.14%. Travel + Leisure's dividend payout ratio is presently 37.40%.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of recent research reports. Mizuho restated a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and increased their target price for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Barclays dropped their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Truist Financial increased their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value 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. This represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

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.