Allspring Global Investments Holdings LLC Buys 8,076 Shares of Travel + Leisure Co. (NYSE:TNL)

Allspring Global Investments Holdings LLC grew its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 231.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,564 shares of the company’s stock after purchasing an additional 8,076 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Travel + Leisure were worth $577,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Copeland Capital Management LLC increased its holdings in Travel + Leisure by 0.8% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after acquiring an additional 138,153 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Travel + Leisure by 1.3% in the third quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock valued at $24,614,000 after acquiring an additional 6,757 shares in the last quarter. Algert Global LLC grew its holdings in shares of Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after acquiring an additional 200,549 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Travel + Leisure by 1.3% in the third quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock valued at $13,412,000 after acquiring an additional 3,841 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance

NYSE:TNL opened at $55.91 on Tuesday. The company has a market cap of $3.73 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.67 and a beta of 1.64. The stock’s fifty day moving average price is $53.15 and its two-hundred day moving average price is $49.70. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the prior year, the business posted $1.98 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Barclays increased their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Finally, Truist Financial increased their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.