MYDA Advisors LLC Invests $3.61 Million in Travel + Leisure Co. (NYSE:TNL)

MYDA Advisors LLC bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the first quarter, Holdings Channel reports. The fund bought 59,000 shares of the company’s stock, valued at approximately $3,608,000. Travel + Leisure accounts for 1.0% of MYDA Advisors LLC’s holdings, making the stock its 23rd largest position.

A number of other large investors have also bought and sold shares of TNL. CIBC Private Wealth Group LLC purchased a new stake in Travel + Leisure during the first quarter worth $1,751,000. Panagora Asset Management Inc. purchased a new position in shares of Travel + Leisure in the 1st quarter valued at about $346,000. Sei Investments Co. acquired a new position in Travel + Leisure in the 1st quarter worth about $14,249,000. Sciencast Management LP acquired a new stake in Travel + Leisure in the first quarter valued at approximately $305,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Travel + Leisure in the first quarter valued at approximately $1,776,000. 88.67% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on TNL shares. Zacks Investment Research raised shares of Travel + Leisure from a “sell” rating to a “hold” rating in a research note on Tuesday, March 23rd. JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, March 15th. Credit Suisse Group upped their price target on shares of Travel + Leisure from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Truist lifted their price objective on Travel + Leisure from $62.00 to $74.00 in a report on Friday, March 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Travel + Leisure from $69.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 29th. They noted that the move was a valuation call.

Shares of NYSE TNL traded up $0.33 during mid-day trading on Friday, reaching $63.51. The company’s stock had a trading volume of 899 shares, compared to its average volume of 627,109. The business has a 50-day simple moving average of $64.15. The firm has a market cap of $5.47 billion, a PE ratio of -58.47 and a beta of 1.93. Travel + Leisure Co. has a 1-year low of $25.78 and a 1-year high of $68.26.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 28th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.22. Travel + Leisure had a negative net margin of 4.17% and a negative return on equity of 3.81%. The company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $579.13 million. The company’s revenue was up 12.5% on a year-over-year basis. On average, research analysts anticipate that Travel + Leisure Co. will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. Travel + Leisure’s payout ratio is -127.66%.

In other Travel + Leisure news, Director George Herrera sold 600 shares of Travel + Leisure stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $66.00, for a total transaction of $39,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Savina sold 6,200 shares of the business’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $66.18, for a total transaction of $410,316.00. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

Travel + Leisure Company Profile

Travel + Leisure Co provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

Further Reading: Different Types of Derivatives

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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