Atria Investments Inc Boosts Holdings in Travel + Leisure Co. (NYSE:TNL)

Atria Investments Inc increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,345 shares of the company’s stock after buying an additional 672 shares during the period. Atria Investments Inc’s holdings in Travel + Leisure were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares during the period. Versant Capital Management Inc acquired a new position in shares of Travel + Leisure during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares during the period. Family Firm Inc. purchased a new position in Travel + Leisure in the second quarter worth approximately $31,000. Finally, Larson Financial Group LLC acquired a new position in Travel + Leisure during the 2nd quarter worth approximately $36,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 1.5 %

TNL opened at $54.96 on Friday. The business’s 50 day moving average is $48.17 and its two-hundred day moving average is $45.61. Travel + Leisure Co. has a 52 week low of $35.41 and a 52 week high of $55.08. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $1.54 EPS. Equities analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Truist Financial dropped their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares in the company, valued at $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,055 shares of company stock worth $4,544,170. 4.02% of the stock is owned by corporate insiders.

Travel + Leisure 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.