TCW Group Inc. Trims Stock Position in Travel + Leisure Co. (NYSE:TNL)

TCW Group Inc. lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,140 shares of the company's stock after selling 76,636 shares during the quarter. TCW Group Inc. owned about 0.30% of Travel + Leisure worth $10,299,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after purchasing an additional 210 shares during the period. Hourglass Capital LLC boosted its holdings in Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after buying an additional 230 shares in the last quarter. Gries Financial LLC boosted its holdings in Travel + Leisure by 5.5% during the fourth quarter. Gries Financial LLC now owns 5,074 shares of the company's stock worth $256,000 after buying an additional 265 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Travel + Leisure by 30.7% during the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock worth $81,000 after buying an additional 379 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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Travel + Leisure Trading Down 1.5 %

Shares of NYSE TNL traded down $0.86 during trading on Thursday, reaching $55.43. The company had a trading volume of 636,552 shares, compared to its average volume of 558,162. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The stock has a 50-day moving average price of $53.34 and a two-hundred day moving average price of $49.85. The stock has a market capitalization of $3.70 billion, a PE ratio of 9.49, 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 earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.98 EPS. On average, sell-side analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Wall Street Analyst Weigh In

TNL has been the subject of a number of research reports. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target for the company. Barclays lifted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Mizuho reiterated a "neutral" rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Tigress Financial raised their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

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.