Twinbeech Capital LP Purchases New Shares in Travel + Leisure Co. (NYSE:TNL)

Twinbeech Capital LP acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 61,298 shares of the company’s stock, valued at approximately $3,092,000. Twinbeech Capital LP owned approximately 0.09% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Travel + Leisure by 30.6% in 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. Cerity Partners LLC grew its holdings in Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. increased its position in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after buying an additional 204 shares in the last quarter. Capital Analysts LLC raised its stake in shares of Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after buying an additional 227 shares during the period. Finally, Hourglass Capital LLC lifted its position in shares of Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock valued at $1,828,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $49.67 on Wednesday. The business’s 50 day moving average price is $45.45 and its 200 day moving average price is $50.63. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.51%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure’s payout ratio is presently 37.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TNL shares. Barclays reduced their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Mizuho reiterated a “neutral” rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Tigress Financial lifted their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

Insider Activity

In other news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the transaction, the director now directly owns 4,477 shares in the company, valued at approximately $224,745.40. This represents a 55.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company’s stock.

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.