Los Angeles Capital Management LLC Buys 179,149 Shares of Travel + Leisure Co. (NYSE:TNL)

Los Angeles Capital Management LLC increased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 1,025.0% in the first quarter, Holdings Channel.com reports. The fund owned 196,627 shares of the company’s stock after purchasing an additional 179,149 shares during the period. Los Angeles Capital Management LLC’s holdings in Travel + Leisure were worth $9,627,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TNL. Allworth Financial LP boosted its holdings in shares of Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Travel + Leisure by 334.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. GAMMA Investing LLC purchased a new position in Travel + Leisure during the 4th quarter valued at approximately $36,000. Arlington Trust Co LLC bought a new stake in Travel + Leisure in the 4th quarter worth approximately $53,000. Finally, Quent Capital LLC raised its holdings in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after acquiring an additional 278 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $44.44 on Thursday. The business’s 50 day moving average price is $44.59 and its 200-day moving average price is $43.08. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.49 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Sell-side analysts predict that Travel + Leisure Co. will post 5.53 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. Travel + Leisure’s payout ratio is 36.83%.

Analyst Ratings Changes

TNL has been the subject of a number of recent research reports. Barclays raised their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Truist Financial upped their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Mizuho assumed coverage on Travel + Leisure in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.83.

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.