Factorial Partners LLC Increases Position in Travel + Leisure Co. (NYSE:TNL)

Factorial Partners LLC boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 28.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,500 shares of the company's stock after acquiring an additional 19,500 shares during the period. Travel + Leisure comprises about 2.5% of Factorial Partners LLC's holdings, making the stock its 11th biggest holding. Factorial Partners LLC owned 0.13% of Travel + Leisure worth $4,414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TNL. Algert Global LLC increased its position in shares of Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock worth $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock worth $36,540,000 after purchasing an additional 138,153 shares during the last quarter. Barclays PLC grew its holdings in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after buying an additional 100,440 shares in the last quarter. FMR LLC raised its position in shares of Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after buying an additional 58,008 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Travel + Leisure by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock worth $45,691,000 after buying an additional 45,447 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TNL shares. Barclays upped their price objective on shares of 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. upped their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Truist Financial increased their price objective on 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 lifted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Mizuho restated a "neutral" rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure currently has an average rating of "Moderate Buy" and an average price target of $62.00.

Travel + Leisure Stock Performance

TNL stock traded up $1.06 during midday trading on Wednesday, reaching $54.89. 491,026 shares of the company were exchanged, compared to its average volume of 566,542. The stock's 50-day simple moving average is $53.68 and its 200 day simple moving average is $50.26. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64.

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

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.