Quadrature Capital Inc. announced in its latest 13F filing with the Securities and Exchange Commission that it reduced its stake in Travel & Leisure Inc. (NYSE:TNL – free report) by 44.3% during the first quarter. It sold 11,780 shares during the period, giving it 14,793 shares of the company’s stock. Quadrature Capital Inc.’s holding in Travel & Leisure Inc. was valued at $724,000 as of the latest filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also modified their holdings in TNL. Louisiana State Employees Retirement System acquired a new stake in Travel + Leisure in the fourth quarter, valued at approximately $794,000. Los Angeles Capital Management LLC increased its holdings in Travel + Leisure by 1,025.0% in the first quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock, valued at $9,627,000, after purchasing an additional 179,149 shares during the period. Waterloo Capital LP acquired a new stake in Travel + Leisure in the fourth quarter, valued at $2,081,000. Alabama Retirement System increased its holdings in Travel + Leisure by 87.9% in the fourth quarter. Alabama Retirement Systems Inc. now owns 281,799 shares of the company’s stock valued at $11,016,000 after purchasing an additional 131,796 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Travel+Leisure during the first quarter valued at about $4,739,000. 87.54% of the stock is now held by institutional investors.
Travel + Leisure Price Performance
TNL shares opened trading at $45.86 on Monday. Travel + Leisure Co.’s low over the past year is $32.10 and its high over the past year is $49.91. The company’s 50-day moving average is $44.89 and its 200-day moving average is $44.30. The company has a market cap of $3.2 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.53 and a beta of 1.63.
Travel + Leisure (NYSE:TNL – get free report ) last released its quarterly earnings data on Wednesday, July 24th. The company reported quarterly EPS of $1.52, beating analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a return on equity of -46.63%. The company’s revenue for the quarter was $985 million, beating analysts’ estimates of $987.2 million. In the same quarter last year, the company reported EPS of $1.33. The company’s revenue grew 3.8% year-over-year. Analysts expect Travel + Leisure to report earnings of $5.61 per share this year.
Travel + Leisure announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. This equates to a $2.00 dividend on an annualized basis, or a yield of 4.36%. The ex-dividend date for this dividend was Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.
Analyst Rating Changes
A number of brokerages have offered their opinions on TNL. Barclays increased their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Deutsche Bank lowered their price target on Travel + Leisure from $65.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase raised their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating, and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of a “moderate buy” and a consensus price target of $56.75.
Get the latest research report on TNL
Travel + Leisure Profile
(Free report)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel & Memberships. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to private consumers, as well as providing consumer financing in connection with the sale of VOIs and property management services at resorts.
References
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