Readystate Asset Management LP Sells 9,116 Shares of Travel + Leisure Co. (NYSE:TNL)

Readystate Asset Management LP decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 39.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,935 shares of the company's stock after selling 9,116 shares during the period. Readystate Asset Management LP's holdings in Travel + Leisure were worth $642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Copeland Capital Management LLC raised its position in shares of Travel + Leisure by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock valued at $71,584,000 after acquiring an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Travel + Leisure by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock valued at $63,547,000 after acquiring an additional 57,587 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after acquiring an additional 138,153 shares during the last quarter. LSV Asset Management raised its position in shares of Travel + Leisure by 23.1% during the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company's stock valued at $32,628,000 after acquiring an additional 136,281 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after acquiring an additional 500,554 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

NYSE TNL traded down $0.13 on Friday, reaching $55.30. The company had a trading volume of 443,521 shares, compared to its average volume of 583,858. The company's fifty day moving average is $50.19 and its 200-day moving average is $46.23. Travel + Leisure Co. has a 1-year low of $36.77 and a 1-year high of $56.91. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.80 and a beta of 1.63.

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

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. Travel + Leisure's dividend payout ratio is 33.96%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Truist Financial boosted their price target 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. Barclays boosted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.80.

Insider Transactions at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the company's 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 sale, the insider now directly owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Geoffrey Richards sold 9,400 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,455 shares of company stock worth $5,075,834 in the last three months. Insiders own 4.02% of the company's stock.

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.