Iridian Asset Management LLC CT Has $25.42 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Iridian Asset Management LLC CT lowered its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 503,893 shares of the company's stock after selling 30,263 shares during the period. Travel + Leisure accounts for approximately 6.8% of Iridian Asset Management LLC CT's portfolio, making the stock its 2nd biggest holding. Iridian Asset Management LLC CT owned approximately 0.74% of Travel + Leisure worth $25,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc raised its holdings in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after purchasing an additional 503 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Travel + Leisure during the third quarter worth $43,000. Finally, Capital Performance Advisors LLP purchased a new position in Travel + Leisure in the third quarter valued at $44,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TNL. Truist Financial raised their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.55.

Travel + Leisure Trading Up 0.2 %

Shares of NYSE TNL traded up $0.11 during trading on Tuesday, reaching $55.27. The company had a trading volume of 191,744 shares, compared to its average volume of 491,033. The stock has a market capitalization of $3.78 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. Travel + Leisure Co. has a twelve month low of $39.78 and a twelve month high of $57.62. The stock has a 50-day moving average price of $52.74 and a two-hundred day moving average price of $48.80.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company's stock, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.02% of the stock is owned by 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.