Lombard Odier Asset Management USA Corp Sells 4,531 Shares of Travel + Leisure Co. (NYSE:TNL)

Lombard Odier Asset Management USA Corp reduced its stake in Travel + Leisure Co. (NYSE:TNL) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,939 shares of the company’s stock after selling 4,531 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Travel + Leisure were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its position in Travel + Leisure by 1,025.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after acquiring an additional 179,149 shares in the last quarter. Quest Partners LLC lifted its position in Travel + Leisure by 1,474.2% during the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after buying an additional 20,772 shares in the last quarter. Waterloo Capital L.P. bought a new stake in Travel + Leisure during the 4th quarter worth about $2,081,000. Acadian Asset Management LLC bought a new stake in Travel + Leisure during the 1st quarter worth about $4,739,000. Finally, Harbor Capital Advisors Inc. lifted its position in Travel + Leisure by 125.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock worth $2,393,000 after buying an additional 29,656 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of Travel + Leisure in a research note on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price objective on the stock. Tigress Financial boosted their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Truist Financial lowered their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $55.22.

Travel + Leisure Stock Up 0.7 %

Shares of NYSE:TNL opened at $44.50 on Monday. The company’s 50 day moving average price is $43.95 and its two-hundred day moving average price is $44.69. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.91. The firm has a market cap of $3.17 billion, a PE ratio of 8.20, a PEG ratio of 0.57 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts expect that Travel + Leisure Co. will post 5.67 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. Travel + Leisure’s payout ratio is presently 36.83%.

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.