iSAM Funds UK Ltd Makes New Investment in Travel + Leisure Co. $TNL

iSAM Funds UK Ltd purchased a new stake in Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 9,797 shares of the company’s stock, valued at approximately $506,000.

Other hedge funds also recently made changes to their positions in the company. Hillsdale Investment Management Inc. purchased a new position in shares of Travel + Leisure in the second quarter valued at $27,000. Elequin Capital LP purchased a new stake in Travel + Leisure during the 1st quarter worth $30,000. Parkside Financial Bank & Trust lifted its holdings in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after buying an additional 382 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure during the second quarter valued at about $45,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

TNL has been the subject of a number of analyst reports. Truist Financial increased their price target on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 14th. Morgan Stanley set a $68.00 target price on Travel + Leisure in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, JMP Securities raised their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $69.67 on Thursday. The company’s fifty day moving average is $63.97 and its two-hundred day moving average is $59.49. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $70.43. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.59 and a beta of 1.39.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. Sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio is 36.84%.

Insider Buying and Selling

In related news, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the sale, the insider owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. This trade represents a 61.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Myers sold 50,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $66.38, for a total value of $3,319,000.00. Following the transaction, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. The trade was a 43.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,776 shares of company stock valued at $13,080,628 over the last quarter. Company 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.