Prevail Innovative Wealth Advisors LLC Raises Stock Position in Travel + Leisure Co. $TNL

Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 54.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,379 shares of the company’s stock after acquiring an additional 9,260 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Travel + Leisure were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Travel + Leisure by 42.0% in the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after purchasing an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Travel + Leisure during the first quarter worth about $396,000. Millennium Management LLC lifted its stake in shares of Travel + Leisure by 129.5% during the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after purchasing an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Travel + Leisure by 97.1% in the first quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after buying an additional 98,647 shares during the period. Finally, United Services Automobile Association purchased a new stake in shares of Travel + Leisure in the first quarter worth about $206,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Down 3.1%

Shares of TNL opened at $73.13 on Monday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.55 and a beta of 1.32. The business’s 50 day moving average is $72.77 and its two-hundred day moving average is $67.24. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. On average, equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TNL. The Goldman Sachs Group raised their target price on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Barclays set a $78.00 price target on Travel + Leisure in a report on Thursday, February 19th. Stifel Nicolaus set a $89.00 price objective on shares of Travel + Leisure in a research report on Wednesday, February 18th. Mizuho set a $107.00 price objective on shares of Travel + Leisure in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their target price on shares of Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.90.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown sold 66,860 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the transaction, the insider directly owned 427,821 shares of the company’s stock, valued at $31,671,588.63. This trade represents a 13.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,702 shares of company stock worth $7,182,383 over the last quarter. 3.75% of the stock is currently owned by insiders.

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.