Neo Ivy Capital Management Invests $1.18 Million in Travel + Leisure Co. (NYSE:TNL)

Neo Ivy Capital Management bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,600 shares of the company's stock, valued at approximately $1,180,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of 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 acquiring an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after buying an additional 607 shares in the last quarter. Family Firm Inc. bought a new position in shares of Travel + Leisure in the second quarter worth about $31,000. Larson Financial Group LLC bought a new position in shares of Travel + Leisure in the second quarter worth about $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen P. Holmes sold 80,000 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. This represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,209 shares of company stock valued at $4,940,022 over the last ninety days. 4.02% of the stock is owned by insiders.

Travel + Leisure Stock Performance

NYSE:TNL traded down $0.43 during trading hours on Thursday, reaching $53.56. The stock had a trading volume of 459,879 shares, compared to its average volume of 583,236. The stock has a market capitalization of $3.66 billion, a PE ratio of 9.09, a PEG ratio of 0.78 and a beta of 1.63. Travel + Leisure Co. has a 52 week low of $36.77 and a 52 week high of $56.91. The company has a 50 day moving average price of $50.99 and a two-hundred day moving average price of $46.57.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) 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 the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Travel + Leisure's revenue was up .7% on a year-over-year basis. Equities research analysts predict 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. Investors of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.73%. Travel + Leisure's dividend payout ratio is currently 33.96%.

Wall Street Analyst Weigh In

A number of research firms have commented on TNL. Stifel Nicolaus raised their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays increased their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Tigress Financial boosted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Truist Financial increased 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. One 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.80.

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.