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Dimensional Fund Advisors LP in Travel + Leisure Co. (NYSE:TNL – Get Rating ) trimmed its position by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor sold 2,673 shares during the quarter, leaving the company owning 1,163,711 shares. Dimensional Fund Advisors LP owned 1.43% of Travel + Leisure worth $39,711,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently trimmed or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in Travel + Leisure in the 1st quarter valued at $31,000. Lazard Asset Management LLC acquired a new position in Travel + Leisure in the 1st quarter valued at $34,000. Quadrant Capital Group LLC boosted its holdings in shares of Travel + Leisure by 47.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 893 shares of the company’s stock valued at $35,000 after buying an additional 286 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Travel + Leisure during the 3rd quarter valued at $37,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in shares of Travel + Leisure by 43.2% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 995 shares of the company’s stock valued at $39,000 after buying an additional 300 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.
Insider buying and selling during travel + leisure
In other Travel + Leisure news, Director Jorge Herrera sold 882 shares of the stock in a transaction dated Tuesday, December 13th. The stock traded at an average price of $38.58, for a total value of $34,027.56. Following the completion of the transaction, the director now directly owns 40,320 shares in the company, valued at $1,555,545.60. The transaction was disclosed in a filing with the Securities and Exchange Commission through the SEC website. Corporate insiders own 2.07% of the company’s stock.
Travel + Leisure Reserve 0.4%
Shares of TNL stock opened at $42.11 on Thursday. Travel + Leisure Company has a twelve month low of $33.57 and a twelve month high of $59.99. The company has a market cap of $3.27 billion, a P/E ratio of 9.91 and a beta of 1.68. The business has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $39.63.
Travel + Leisure (NYSE:TNL – Get Rating ) last released its earnings results on Wednesday, February 22nd. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The company had revenue of $899.00 million for the quarter, compared to the consensus estimate of $913.96 million. Travel + Leisure had a negative return on equity of 43.99% and a net margin of 10.01%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.19 per share. As a group, equities research analysts anticipate that the travel + leisure company will post 5.31 earnings per share for the current fiscal year.
Analyst improvements and improvements
Several analysts have recently issued reports on the company. Credit Suisse Group upped their target price on Travel + Leisure from $31.00 to $36.00 and gave the stock an “underperform” rating in a report on Thursday, February 23rd. Trust Financial decreased their target price on Travel + Leisure from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, November 15th. Jefferies Financial Group downgraded Travel + Leisure from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Travel + Leisure from $62.00 to $69.00 in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.00, according to data from MarketBeat.com.
About travel + entertainment
(get rank)
Travel + Leisure Co is a membership and leisure travel company with a portfolio of approximately 20 resort, travel club and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members and subscribers through its products and services: Wyndham Destinations, a vacation ownership company with 230 Vacation Club resorts worldwide, Panorama, a membership travel business that includes a vacation exchange company, industry travel technology, and subscription travel. Brands, and Travel + Leisure Group, features online and print travel content, online booking platforms and travel clubs, and branded consumer products.
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This quick news alert was created using Narrative Science technology and MarketBeat financial data to provide readers with fast and accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
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