GSA Capital Partners LLP Sells 12,908 Shares of Travel + Leisure Co. (NYSE:TNL)

GSA Capital Partners LLP cut its stake in Travel + Leisure Co. (NYSE:TNL) by 51.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,341 shares of the company’s stock after selling 12,908 shares during the quarter. GSA Capital Partners LLP’s holdings in Travel + Leisure were worth $569,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC boosted its holdings in Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after acquiring an additional 20,772 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Travel + Leisure during the first quarter valued at approximately $4,739,000. Harbor Capital Advisors Inc. increased its position in shares of Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after buying an additional 29,656 shares in the last quarter. Versor Investments LP increased its position in shares of Travel + Leisure by 45.4% in the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after buying an additional 12,585 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in shares of Travel + Leisure in the second quarter valued at approximately $1,925,000. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TNL shares. Truist Financial lowered their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insiders Place Their Bets

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now directly owns 120,602 shares in the company, valued at approximately $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock worth $4,544,170 over the last ninety days. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Down 1.7 %

Shares of Travel + Leisure stock opened at $52.59 on Wednesday. The firm has a market cap of $3.60 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.78 and a beta of 1.61. Travel + Leisure Co. has a fifty-two week low of $35.41 and a fifty-two week high of $54.79. The business has a 50-day moving average price of $47.45 and a 200 day moving average price of $45.43.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.80%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

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.