O Shaughnessy Asset Management LLC Grows Stock Position in Travel + Leisure Co. (NYSE:TNL)

O Shaughnessy Asset Management LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 77.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,197 shares of the company’s stock after purchasing an additional 3,570 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Travel + Leisure were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the last quarter. Hourglass Capital LLC increased its position in shares of Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after acquiring an additional 230 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Travel + Leisure by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock worth $451,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 6.3 %

Shares of NYSE TNL opened at $41.15 on Friday. The firm’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $50.83. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The stock has a market capitalization of $2.74 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. As a group, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.56 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 5.44%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is presently 38.36%.

Insiders Place Their Bets

In other news, insider Michael Dean Brown bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on TNL. Morgan Stanley started coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective on the stock. Tigress Financial lifted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Mizuho restated a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

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.