Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Factorial Partners LLC

Factorial Partners LLC increased its holdings in Travel + Leisure Co. (NYSE:TNL) by 28.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,500 shares of the company’s stock after buying an additional 19,500 shares during the period. Travel + Leisure makes up approximately 2.5% of Factorial Partners LLC’s holdings, making the stock its 11th largest holding. Factorial Partners LLC’s holdings in Travel + Leisure were worth $4,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TNL. Allspring Global Investments Holdings LLC increased its stake in Travel + Leisure by 454.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,488 shares of the company’s stock valued at $161,000 after purchasing an additional 2,859 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Travel + Leisure by 4,532.8% during the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after buying an additional 5,258 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Travel + Leisure by 16.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company’s stock valued at $1,809,000 after acquiring an additional 5,463 shares during the period. New York State Teachers Retirement System raised its stake in Travel + Leisure by 6.4% during the 3rd quarter. New York State Teachers Retirement System now owns 108,283 shares of the company’s stock valued at $4,990,000 after acquiring an additional 6,513 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Travel + Leisure by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 45,512 shares of the company’s stock worth $2,097,000 after acquiring an additional 1,929 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $55.81 on Friday. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The business’s 50 day simple moving average is $53.53 and its 200-day simple moving average is $49.99.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TNL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Mizuho restated a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. 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 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Travel + Leisure presently has a consensus 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.