Ieq Capital LLC Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Ieq Capital LLC increased its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 170.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,832 shares of the company's stock after buying an additional 9,345 shares during the quarter. Ieq Capital LLC's holdings in Travel + Leisure were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its position in Travel + Leisure by 7.9% during the fourth quarter. Private Advisor Group LLC now owns 10,528 shares of the company's stock worth $531,000 after buying an additional 773 shares in the last quarter. Alberta Investment Management Corp lifted its position in Travel + Leisure by 8.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,437 shares of the company's stock worth $1,838,000 after buying an additional 2,937 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Travel + Leisure by 114.6% during the fourth quarter. Venturi Wealth Management LLC now owns 5,366 shares of the company's stock worth $271,000 after buying an additional 2,865 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Travel + Leisure by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 17,835 shares of the company's stock worth $984,000 after buying an additional 1,285 shares in the last quarter. Finally, Hourglass Capital LLC lifted its position in Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price on the stock. Mizuho restated a "neutral" rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their target price for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Stifel Nicolaus lifted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

Travel + Leisure Trading Down 0.1 %

Shares of NYSE TNL opened at $55.87 on Wednesday. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The stock has a fifty day simple moving average of $53.21 and a 200-day simple moving average of $49.80. The stock has a market capitalization of $3.73 billion, a PE ratio of 9.57, a PEG ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to analysts' expectations of $958.87 million. During the same period in the previous year, the firm posted $1.98 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict 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.

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