MQS Management LLC Acquires New Stake in Travel + Leisure Co. $TNL

MQS Management LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,643 shares of the company’s stock, valued at approximately $529,000.

A number of other large investors have also bought and sold shares of the company. Danske Bank A S purchased a new stake in Travel + Leisure in the 3rd quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure during the fourth quarter valued at about $43,000. Geneos Wealth Management Inc. lifted its holdings in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after purchasing an additional 265 shares during the period. Finally, Signaturefd LLC boosted its position in Travel + Leisure by 17.8% during the fourth quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock worth $90,000 after purchasing an additional 193 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TNL shares. Wells Fargo & Company cut their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Morgan Stanley dropped their target price on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Barclays reduced their price target on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and an average target price of $85.40.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown sold 9,443 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $79.11, for a total value of $747,035.73. Following the transaction, the insider owned 487,303 shares in the company, valued at $38,550,540.33. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,074 shares of company stock worth $3,907,122 in the last three months. 4.01% of the stock is owned by insiders.

Travel + Leisure Trading Down 1.6%

Shares of NYSE TNL opened at $76.45 on Wednesday. The business has a 50-day moving average of $69.44 and a 200-day moving average of $71.35. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.59 and a beta of 1.17. Travel + Leisure Co. has a 12 month low of $50.92 and a 12 month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.80 million. During the same period last year, the firm posted $1.11 earnings per share. Travel + Leisure’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Travel + Leisure Co. will post 7.47 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s payout ratio is currently 67.42%.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.