Olympiad Research LP Invests $779,000 in Travel + Leisure Co. (NYSE:TNL)

Olympiad Research LP bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,913 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TNL. Foster & Motley Inc. acquired a new stake in Travel + Leisure during the 3rd quarter worth approximately $478,000. QRG Capital Management Inc. lifted its holdings in Travel + Leisure by 4.6% during the 3rd quarter. QRG Capital Management Inc. now owns 18,826 shares of the company’s stock worth $867,000 after purchasing an additional 821 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Travel + Leisure by 27.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 67,990 shares of the company’s stock worth $3,133,000 after purchasing an additional 14,779 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Travel + Leisure by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 45,512 shares of the company’s stock worth $2,097,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its holdings in Travel + Leisure by 1.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock worth $24,614,000 after purchasing an additional 6,757 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TNL has been the subject of several research reports. Truist Financial dropped their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insider Activity

In other news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now owns 125,209 shares in the company, valued at $6,530,901.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,448 shares of company stock worth $4,294,241. Insiders own 4.02% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $52.36 on Thursday. The stock has a market capitalization of $3.58 billion, a PE ratio of 8.89, a P/E/G ratio of 0.71 and a beta of 1.61. The business has a fifty day moving average price of $45.62 and a two-hundred day moving average price of $44.89. Travel + Leisure Co. has a fifty-two week low of $34.12 and a fifty-two week high of $53.26.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company posted $1.54 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. Travel + Leisure’s payout ratio is 33.96%.

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.