Olympiad Research LP Sells 11,858 Shares of Travel + Leisure Co. (NYSE:TNL)

Olympiad Research LP lessened its position in shares of Travel + Leisure Co. (NYSE:TNL) by 70.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,055 shares of the company’s stock after selling 11,858 shares during the period. Olympiad Research LP’s holdings in Travel + Leisure were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Versor Investments LP increased its stake in Travel + Leisure by 45.4% in the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after purchasing an additional 12,585 shares in the last quarter. FMR LLC increased its stake in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after purchasing an additional 58,008 shares in the last quarter. Oak Thistle LLC bought a new stake in Travel + Leisure in the fourth quarter valued at $1,288,000. Finally, International Assets Investment Management LLC increased its stake in Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $55.25 on Monday. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95. The stock has a market cap of $3.69 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The firm’s 50-day simple moving average is $53.09 and its 200 day simple moving average is $49.59.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the previous year, the company earned $1.98 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Analyst Ratings Changes

TNL has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday. Barclays lifted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Morgan Stanley started coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

About Travel + Leisure

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.