2,266 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,266 shares of the company’s stock, valued at approximately $114,000.

Several other hedge funds have also recently modified their holdings of TNL. UMB Bank n.a. increased its holdings in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares during the last quarter. Versant Capital Management Inc grew its holdings in 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 buying an additional 210 shares in the last quarter. GAMMA Investing LLC increased its stake in Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after acquiring an additional 379 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in Travel + Leisure by 6.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 6,218 shares of the company’s stock worth $310,000 after acquiring an additional 390 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after acquiring an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TNL shares. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Stifel Nicolaus boosted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley began coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Barclays lifted their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.55.

Travel + Leisure Trading Up 0.1 %

NYSE TNL opened at $55.36 on Thursday. The stock has a market cap of $3.79 billion, a PE ratio of 9.40, a PEG ratio of 0.66 and a beta of 1.64. The company’s 50-day moving average price is $52.74 and its 200-day moving average price is $48.91. Travel + Leisure Co. has a 12 month low of $39.78 and a 12 month high of $57.62.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.02% of the stock is owned by company insiders.

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.