AlphaQuest LLC Has $274,000 Position in Travel + Leisure Co. (NYSE:TNL)

AlphaQuest LLC decreased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 82.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,438 shares of the company’s stock after selling 26,126 shares during the quarter. AlphaQuest LLC’s holdings in Travel + Leisure were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc raised its stake in shares of Travel + Leisure by 14.4% during the third quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock worth $246,000 after buying an additional 672 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Travel + Leisure by 8.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,558 shares of the company’s stock worth $2,099,000 after acquiring an additional 3,359 shares during the period. Empowered Funds LLC raised its position in shares of Travel + Leisure by 57.7% during the 3rd quarter. Empowered Funds LLC now owns 15,008 shares of the company’s stock valued at $692,000 after acquiring an additional 5,494 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Travel + Leisure by 42.3% in the 3rd quarter. Quest Partners LLC now owns 31,564 shares of the company’s stock valued at $1,454,000 after purchasing an additional 9,383 shares during the period. Finally, Savoir Faire Capital Management L.P. boosted its position in shares of Travel + Leisure by 70.4% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 34,087 shares of the company’s stock worth $1,571,000 after purchasing an additional 14,087 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TNL. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho reiterated a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. Tigress Financial increased their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Barclays boosted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

Insider Buying and Selling

In related news, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure Trading Up 3.0 %

TNL stock opened at $48.04 on Friday. The stock has a 50-day moving average price of $53.70 and a two-hundred day moving average price of $50.63. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The stock has a market cap of $3.20 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during 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%. Travel + Leisure’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. On average, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

Travel + Leisure Company Profile

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.