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Verition Fund Management LLC increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Get Rating ) by 382.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,475 shares of the company’s stock after acquiring an additional 41,599 shares during the quarter. Verition Fund Management LLC owned about 0.06% of Travel + Leisure worth $1,790,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ergoteles LLC purchased a new stake in Travel + Leisure during the third quarter valued at approximately $244,000. Canada Pension Plan Investment Board boosted its holdings in shares of Travel + Leisure by 141.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 32,100 shares of the company’s stock worth $1,095,000 after buying an additional 18,800 shares in the last quarter. AXA SA acquired a new position in Travel + Leisure in the 3rd quarter valued at $1,115,000. Healthcare Ontario Pension Plan Trust Fund raised its stake in Travel + Leisure by 3,667.4% in the 3rd quarter. Healthcare Ontario Pension Plan Trust Fund now owns 103,565 shares of the company’s stock valued at $3,534,000 after buying an additional 100,816 shares during the last quarter. Finally, Itau Unibanco Holding SA grew its stake in Travel + Leisure by 98.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 5,382 shares of the company’s stock valued at $184,000 after buying an additional 2,672 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.
Changes in analyst standards
A number of research analysts have recently issued reports on TNL shares. Jefferies Financial Group downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating and dropped their price target for the company from $71.00 to $49.00 in a research note on Friday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travel + Leisure from $62.00 to $69.00 in a research note on Thursday, February 23rd. Credit Suisse Group lifted their price target on shares of Travel + Leisure from $31.00 to $36.00 and gave the stock an “underperform” rating in a research report on Thursday, February 23rd. Barclays decreased their price objective on shares of Travel + Leisure to $43.00 in a report on Tuesday, November 1st. Finally, Trust Financial reduced their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, November 15th. One 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. Travel + Leisure has a consensus rating of “Hold” and an average price target of $53.00, according to MarketBeat.com data.
Internal transactions in travel + entertainment
In related news, Director Jorge Herrera sold 882 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, December 13th. The stock traded at an average price of $38.58, for a total transaction of $34,027.56. Following the sale, the director now owns 40,320 shares of the company’s stock, valued at $1,555,545.60. The sale was disclosed in a Securities and Exchange Commission filing that can be accessed through the SEC website. Insiders own 2.07% of the company.
Travel + Leisure Reserve 0.3 %
Shares of TNL stock opened at $41.95 on Tuesday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 9.87 and a beta of 1.68. Travel + Leisure Company has a 52 week low of $33.57 and a 52 week high of $59.99. The firm has a 50-day moving average of $40.16 and a 200-day moving average of $39.65.
Travel + Leisure (NYSE:TNL – Get Rating ) last released its earnings results on Wednesday, February 22nd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. Travel + Leisure had a negative return on equity of 43.99% and a net margin of 10.01%. The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $913.96 million. During the same quarter last year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts predict that Travel + Leisure Co. will post 5.42 earnings per share for the current year.
Travel + Entertainment Company Profile
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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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Want to see what other hedge funds are holding TNL? For Travel + Leisure Co. (NYSE:TNL – Get Ratings ) Visit HoldingsChannel.com for the latest 13F filings and insider trading.
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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