GSA Capital Partners LLP Sells 12,908 Shares of Travel + Leisure Co. (NYSE:TNL)

GSA Capital Partners LLP lessened its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 51.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,341 shares of the company's stock after selling 12,908 shares during the period. GSA Capital Partners LLP's holdings in Travel + Leisure were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB bought a new position in Travel + Leisure during the 1st quarter worth $33,598,000. Millennium Management LLC grew its holdings in shares of Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock worth $27,624,000 after purchasing an additional 500,554 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Travel + Leisure by 318.4% during the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock worth $18,217,000 after purchasing an additional 308,391 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth $7,480,000. Finally, LSV Asset Management grew its holdings in shares of Travel + Leisure by 23.1% during the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company's stock worth $32,628,000 after purchasing an additional 136,281 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Tigress Financial raised their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Barclays raised their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

Travel + Leisure Stock Up 0.7 %

Shares of TNL stock traded up $0.34 during mid-day trading on Wednesday, reaching $52.95. 503,299 shares of the stock traded hands, compared to its average volume of 585,904. The stock's fifty day simple moving average is $47.68 and its two-hundred day simple moving average is $45.48. Travel + Leisure Co. has a 1-year low of $35.41 and a 1-year high of $54.79. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.54 earnings per share. The firm's revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. Travel + Leisure's dividend payout ratio (DPR) is 33.96%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Herrera sold 2,193 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock worth $4,544,170 over the last ninety days. 4.02% of the stock is owned by insiders.

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.