Yousif Capital Management LLC Lowers Holdings in Travel + Leisure Co. (NYSE:TNL)

Yousif Capital Management LLC trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,895 shares of the company’s stock after selling 1,384 shares during the quarter. Yousif Capital Management LLC’s holdings in Travel + Leisure were worth $1,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC boosted its position in shares of Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after purchasing an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after purchasing an additional 138,153 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in Travel + Leisure by 1.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock valued at $24,614,000 after purchasing an additional 6,757 shares during the period. Algert Global LLC lifted its holdings in Travel + Leisure by 168.9% in the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Travel + Leisure by 1.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock worth $13,412,000 after purchasing an additional 3,841 shares during the period. 87.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.02% of the company’s stock.

Travel + Leisure Trading Up 1.2 %

TNL opened at $56.12 on Friday. Travel + Leisure Co. has a 12-month low of $39.88 and a 12-month high of $57.62. The business’s fifty day simple moving average is $52.76 and its 200-day simple moving average is $48.96. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.66 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TNL. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays increased their price target on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

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.