Quantbot Technologies LP Invests $808,000 in Travel + Leisure Co. $TNL

Quantbot Technologies LP bought a new position in Travel + Leisure Co. (NYSE:TNL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,573 shares of the company’s stock, valued at approximately $808,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho lifted their target price on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Wells Fargo & Company increased their price target on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Barclays lifted their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Zacks Research downgraded Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Susquehanna started coverage on shares of Travel + Leisure in a research note on Tuesday, August 18th. They set a “positive” rating and a $95.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Travel + Leisure Stock Down 0.1%

Shares of NYSE:TNL opened at $73.58 on Thursday. The company’s fifty day moving average is $75.05 and its two-hundred day moving average is $72.17. Travel + Leisure Co. has a 12-month low of $58.07 and a 12-month high of $81.00. The company has a market cap of $4.50 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Travel + Leisure’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Travel + Leisure Co. will post 7.7 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio is currently 65.57%.

Insiders Place Their Bets

In other news, insider Kimberly Marshall sold 32,691 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 33,744 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the sale, the insider directly owned 1,600 shares of the company’s stock, valued at $121,040. This trade represents a 95.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 95,135 shares of company stock worth $7,022,699. 4.01% of the stock is currently owned by company insiders.

Travel + Leisure 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.