Allspring Global Investments Holdings LLC Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Allspring Global Investments Holdings LLC increased its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 231.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,564 shares of the company's stock after buying an additional 8,076 shares during the period. Allspring Global Investments Holdings LLC's holdings in Travel + Leisure were worth $577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after acquiring an additional 503 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new position in Travel + Leisure in the 3rd quarter valued at about $43,000. Finally, Capital Performance Advisors LLP acquired a new position in Travel + Leisure during the 3rd quarter valued at about $44,000. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TNL. Barclays raised their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Truist Financial raised their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.00.

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Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded up $0.45 on Friday, reaching $55.81. 759,847 shares of the company traded hands, compared to its average volume of 562,469. The company has a 50 day moving average of $53.42 and a 200 day moving average of $49.88. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95. The firm has a market capitalization of $3.72 billion, a PE ratio of 9.56, a PEG ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Company 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.