Hourglass Capital LLC Has $1.66 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Hourglass Capital LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 36,000 shares of the company’s stock after acquiring an additional 1,020 shares during the period. Hourglass Capital LLC’s holdings in Travel + Leisure were worth $1,659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of Travel + Leisure by 2.5% in the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after purchasing an additional 432 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Travel + Leisure in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Travel + Leisure by 14.4% in the third quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after purchasing an additional 672 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $53.72 on Thursday. The stock has a market cap of $3.67 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a fifty-two week low of $35.41 and a fifty-two week high of $54.59. The stock has a fifty day moving average of $46.58 and a 200-day moving average of $45.17.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. On average, sell-side analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director George Herrera sold 2,193 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,448 shares of company stock worth $4,294,241. 4.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of recent research reports. Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Truist Financial dropped their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $55.67.

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.