Sanctuary Advisors LLC Has $763,000 Stake in Travel + Leisure Co. (NYSE:TNL)

Sanctuary Advisors LLC grew its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 168.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,550 shares of the company's stock after purchasing an additional 10,382 shares during the quarter. Sanctuary Advisors LLC's holdings in Travel + Leisure were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TNL. Millennium Management LLC increased its holdings in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after purchasing an additional 500,554 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock valued at $18,217,000 after acquiring an additional 308,391 shares during the period. Algert Global LLC boosted its stake in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company's stock worth $14,712,000 after acquiring an additional 200,549 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Travel + Leisure during the second quarter valued at approximately $7,480,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after purchasing an additional 138,153 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

NYSE:TNL traded up $0.61 on Tuesday, hitting $51.16. 180,779 shares of the company's stock were exchanged, compared to its average volume of 585,852. The company has a market cap of $3.50 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63. The firm has a 50-day moving average price of $51.90 and a 200-day moving average price of $47.05. Travel + Leisure Co. has a 52 week low of $37.99 and a 52 week high of $56.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. On average, research analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.91%. Travel + Leisure's payout ratio is 33.96%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now owns 125,209 shares of the company's stock, valued at approximately $6,530,901.44. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,016 shares of company stock worth $4,846,863. Insiders own 4.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Barclays raised their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.

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.