Gotham Asset Management LLC Grows Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Gotham Asset Management LLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,383 shares of the company's stock after acquiring an additional 8,040 shares during the period. Gotham Asset Management LLC owned about 0.05% of Travel + Leisure worth $1,886,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after buying an additional 200 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Travel + Leisure by 16.8% in 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. Finally, Hourglass Capital LLC increased its position in shares of Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after acquiring an additional 230 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred 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 sale, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. The trade was 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.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $0.24 during mid-day trading on Thursday, reaching $47.92. The company's stock had a trading volume of 121,668 shares, compared to its average volume of 687,018. The company has a market capitalization of $3.18 billion, a P/E ratio of 8.21, a PEG ratio of 0.67 and a beta of 1.41. The firm's fifty day moving average price is $45.45 and its two-hundred day moving average price is $50.61. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month 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 analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.56 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.67%. Travel + Leisure's dividend payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TNL. Mizuho reissued a "neutral" rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Morgan Stanley dropped their target price 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. 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 report on Monday, April 14th. Finally, Barclays lowered their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.