Holocene Advisors LP Purchases 27,026 Shares of Travel + Leisure Co. (NYSE:TNL)

Holocene Advisors LP boosted its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 45.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,883 shares of the company's stock after buying an additional 27,026 shares during the period. Holocene Advisors LP owned 0.13% of Travel + Leisure worth $3,957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC purchased a new position in shares of Travel + Leisure during the first quarter valued at approximately $206,000. Sax Wealth Advisors LLC purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $314,000. QRG Capital Management Inc. increased its position in shares of Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company's stock valued at $810,000 after acquiring an additional 432 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Travel + Leisure by 231.4% during the second quarter. SG Americas Securities LLC now owns 12,111 shares of the company's stock valued at $545,000 after acquiring an additional 8,457 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of Travel + Leisure by 37.0% during the second quarter. Diversified Trust Co now owns 16,104 shares of the company's stock valued at $724,000 after acquiring an additional 4,348 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 0.5 %

Shares of TNL traded up $0.25 during trading hours on Thursday, reaching $55.43. 607,387 shares of the stock traded hands, compared to its average volume of 584,211. Travel + Leisure Co. has a 52-week low of $36.47 and a 52-week high of $56.91. The company's 50-day moving average price is $50.00 and its two-hundred day moving average price is $46.17. The company has a market cap of $3.79 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Travel + Leisure's revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 5.75 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. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure's payout ratio is currently 33.96%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TNL. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Barclays raised their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Tigress Financial lifted their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.80.

Insiders Place Their Bets

In other news, Director George Herrera sold 2,193 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were 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. This represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,455 shares of company stock worth $5,075,834 in the last 90 days. 4.02% of the stock is currently owned by corporate insiders.

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.