Quadrature Capital Ltd increased its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 107.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,573 shares of the company’s stock after purchasing an additional 13,772 shares during the period. Quadrature Capital Ltd’s holdings in Travel + Leisure were worth $1,040,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after acquiring an additional 466,640 shares during the period. Readystate Asset Management LP boosted its stake in Travel + Leisure by 82.7% in the fourth quarter. Readystate Asset Management LP now owns 25,473 shares of the company’s stock valued at $996,000 after acquiring an additional 11,528 shares during the period. Aurora Investment Counsel boosted its stake in Travel + Leisure by 4.1% in the fourth quarter. Aurora Investment Counsel now owns 27,696 shares of the company’s stock valued at $1,124,000 after acquiring an additional 1,081 shares during the period. Optimist Retirement Group LLC acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $221,000. Finally, Wittenberg Investment Management Inc. acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $245,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Travel + Leisure Price Performance
Shares of NYSE:TNL opened at $44.02 on Friday. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.49 and a beta of 1.63. The stock’s 50 day moving average price is $44.56 and its 200 day moving average price is $43.09.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. On average, sell-side analysts expect that Travel + Leisure Co. will post 5.53 EPS for the current year.
Travel + Leisure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.54%. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Truist Financial lifted their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Mizuho started coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Barclays lifted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.
View Our Latest Research Report on Travel + Leisure
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.
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