Redwood Investment Management LLC Has $5.43 Million Stake in Travel + Leisure Co. (NYSE:TNL)

Redwood Investment Management LLC grew its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,713 shares of the company's stock after purchasing an additional 11,305 shares during the quarter. Travel + Leisure makes up about 0.5% of Redwood Investment Management LLC's investment portfolio, making the stock its 22nd largest position. Redwood Investment Management LLC owned 0.16% of Travel + Leisure worth $5,434,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TNL. Quantinno Capital Management LP grew its stake in shares of Travel + Leisure by 105.5% in the 4th quarter. Quantinno Capital Management LP now owns 74,210 shares of the company's stock worth $3,744,000 after buying an additional 38,100 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Travel + Leisure in the 4th quarter valued at about $458,000. Nuveen Asset Management LLC boosted its stake in Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after buying an additional 180,059 shares during the period. Mubadala Investment Co PJSC purchased a new stake in Travel + Leisure in the 4th quarter worth about $2,343,000. Finally, Millennium Management LLC boosted its holdings in Travel + Leisure by 167.8% during the 4th quarter. Millennium Management LLC now owns 180,160 shares of the company's stock valued at $9,089,000 after acquiring an additional 112,883 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $1.15 during trading hours on Tuesday, hitting $49.67. 282,999 shares of the company's stock traded hands, compared to its average volume of 687,655. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The company's fifty day simple moving average is $45.39 and its two-hundred day simple moving average is $50.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data 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. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the company earned $0.97 earnings per share. Travel + Leisure's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.51%. Travel + Leisure's dividend payout ratio is 37.40%.

Analyst Ratings Changes

TNL has been the subject of several research reports. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Tigress Financial boosted 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. Truist Financial upped their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays cut their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research 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 assigned a buy rating to the company. According to MarketBeat.com, the stock 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 bought 2,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price 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 of the company's stock, valued at $19,070,221.96. This trade represents a 0.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.75% of the company's stock.

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.