New York State Common Retirement Fund Sells 4,500 Shares of Travel + Leisure Co. (NYSE:TNL)

New York State Common Retirement Fund lowered its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,599 shares of the company's stock after selling 4,500 shares during the period. New York State Common Retirement Fund's holdings in Travel + Leisure were worth $1,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the last quarter. Hourglass Capital LLC lifted its holdings in Travel + Leisure by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after buying an additional 230 shares during the period. Gries Financial LLC boosted its stake in Travel + Leisure by 5.5% in the fourth quarter. Gries Financial LLC now owns 5,074 shares of the company's stock valued at $256,000 after acquiring an additional 265 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Travel + Leisure by 30.7% during the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock worth $81,000 after acquiring an additional 379 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

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Travel + Leisure Stock Down 2.4 %

Shares of NYSE:TNL traded down $1.30 during midday trading on Thursday, reaching $53.50. 154,793 shares of the company were exchanged, compared to its average volume of 565,759. The firm has a market cap of $3.57 billion, a PE ratio of 9.16, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95. The stock has a fifty day simple moving average of $53.68 and a two-hundred day simple moving average of $50.26.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays increased their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.00.

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.