GAMMA Investing LLC Purchases 379 Shares of Travel + Leisure Co. (NYSE:TNL)

GAMMA Investing LLC grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,615 shares of the company’s stock after purchasing an additional 379 shares during the quarter. GAMMA Investing LLC’s holdings in Travel + Leisure were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth $38,000. Brooklyn Investment Group bought a new position in Travel + Leisure in the 3rd quarter worth $43,000. Finally, Capital Performance Advisors LLP purchased a new position in Travel + Leisure during the third quarter valued at $44,000. Institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

TNL has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Tigress Financial increased their target price on shares of 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 raised their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial upped their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $50.07 on Friday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 0.77 and a beta of 1.64. The firm has a fifty day moving average price of $52.71 and a 200 day moving average price of $47.59. Travel + Leisure Co. has a fifty-two week low of $37.99 and a fifty-two week high of $56.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business’s revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,016 shares of company stock valued at $4,846,863 in the last quarter. 4.02% of the stock is currently owned by 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.