Squarepoint Ops LLC Makes New $1.37 Million Investment in Travel + Leisure Co. (NYSE:TNL)

Squarepoint Ops LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,429 shares of the company's stock, valued at approximately $1,369,000.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Travel + Leisure during the second quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. bought a new stake in Travel + Leisure during the second quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in Travel + Leisure during the second quarter valued at about $36,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Travel + Leisure during the second quarter valued at about $38,000. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded up $1.35 during trading on Friday, reaching $47.03. The stock had a trading volume of 535,386 shares, compared to its average volume of 592,016. The business has a fifty day moving average price of $43.61 and a 200-day moving average price of $44.74. The stock has a market cap of $3.28 billion, a PE ratio of 8.66, a PEG ratio of 0.63 and a beta of 1.62. Travel + Leisure Co. has a 1-year low of $32.10 and a 1-year high of $49.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Sell-side analysts expect that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, September 13th. Travel + Leisure's dividend payout ratio (DPR) is currently 36.83%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Tigress Financial raised their price target on Travel + Leisure from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Barclays cut Travel + Leisure from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $46.00 to $40.00 in a research report on Thursday, September 26th. Truist Financial reduced their price target on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group began coverage on Travel + Leisure in a research report on Wednesday, September 18th. They set a "neutral" rating and a $44.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and a consensus target price of $54.33.

Insiders Place Their Bets

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by corporate insiders.

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.