Trexquant Investment LP Purchases 107,389 Shares of Travel + Leisure Co. (NYSE:TNL)

Trexquant Investment LP grew its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 177.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,888 shares of the company's stock after acquiring an additional 107,389 shares during the quarter. Trexquant Investment LP owned about 0.25% of Travel + Leisure worth $8,470,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TNL. Jones Financial Companies Lllp bought a new stake in Travel + Leisure during the 4th quarter valued at about $25,000. Versant Capital Management Inc increased its position in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after acquiring an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after acquiring an additional 503 shares during the last quarter. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

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Travel + Leisure Trading Up 13.2 %

TNL stock traded up $5.13 during midday trading on Wednesday, reaching $43.91. 1,306,995 shares of the company's stock traded hands, compared to its average volume of 618,077. The stock's 50-day moving average is $50.80 and its 200 day moving average is $50.86. The stock has a market cap of $2.93 billion, a P/E ratio of 7.52, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95.

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

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.10%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio is currently 38.36%.

Insiders Place Their Bets

In other news, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. Mizuho reaffirmed a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Barclays raised their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price for the company. One investment 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. According to data from MarketBeat.com, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average price target of $63.70.

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.