Hourglass Capital LLC Purchases 230 Shares of Travel + Leisure Co. (NYSE:TNL)

Hourglass Capital LLC boosted its position in Travel + Leisure Co. (NYSE:TNL) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,230 shares of the company’s stock after acquiring an additional 230 shares during the period. Hourglass Capital LLC owned 0.05% of Travel + Leisure worth $1,828,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TNL. Barclays PLC raised its position in shares of Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after purchasing an additional 100,440 shares during the period. Versor Investments LP raised its holdings in Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after acquiring an additional 12,585 shares during the period. FMR LLC raised its holdings in Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after acquiring an additional 58,008 shares during the period. Oak Thistle LLC bought a new position in shares of Travel + Leisure in the fourth quarter worth $1,288,000. Finally, International Assets Investment Management LLC grew its position in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TNL shares. Morgan Stanley initiated coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective on the stock. Barclays increased their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and an average target price of $60.50.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $56.40 on Friday. The firm has a fifty day moving average of $52.78 and a 200 day moving average of $49.05. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $57.62. The firm has a market capitalization of $3.86 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64.

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.