Olympiad Research LP Invests $779,000 in Travel + Leisure Co. (NYSE:TNL)

Olympiad Research LP bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,913 shares of the company's stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC increased its stake in Travel + Leisure by 1,474.2% in the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company's stock valued at $998,000 after buying an additional 20,772 shares during the period. Acadian Asset Management LLC purchased a new position in Travel + Leisure during the first quarter worth about $4,739,000. Harbor Capital Advisors Inc. boosted its holdings in Travel + Leisure by 125.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company's stock valued at $2,393,000 after purchasing an additional 29,656 shares in the last quarter. LSV Asset Management boosted its holdings in Travel + Leisure by 6.4% in the 1st quarter. LSV Asset Management now owns 589,100 shares of the company's stock valued at $28,842,000 after purchasing an additional 35,591 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $1,925,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Up 1.8 %

Shares of TNL stock traded up $0.95 during trading hours on Thursday, hitting $53.29. The company's stock had a trading volume of 603,835 shares, compared to its average volume of 590,593. Travel + Leisure Co. has a twelve month low of $34.12 and a twelve month high of $53.52. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.71 and a beta of 1.61. The business has a fifty day moving average of $45.62 and a 200-day moving average of $44.89.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. Travel + Leisure's quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, September 13th. Travel + Leisure's payout ratio is 33.96%.

Insider Activity at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated 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 of the company's stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,448 shares of company stock valued at $4,294,241. 4.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial dropped their price objective on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Tigress Financial upped their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. Barclays upped their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $55.67.

Travel + Leisure 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.