Cookson Peirce & Co. Inc. Acquires 1,409 Shares of Travel + Leisure Co. (NYSE:TNL)

Cookson Peirce & Co. Inc. boosted its holdings in Travel + Leisure Co. (NYSE:TNL) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,684 shares of the company’s stock after purchasing an additional 1,409 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Travel + Leisure were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the fourth quarter valued at $25,000. Versant Capital Management Inc grew its position in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after acquiring an additional 503 shares during the last quarter. UMB Bank n.a. lifted its stake in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

NYSE TNL opened at $54.89 on Thursday. The firm has a 50-day moving average of $53.68 and a 200-day moving average of $50.26. The stock has a market cap of $3.66 billion, a PE ratio of 9.40, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the previous year, the company earned $1.98 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho reiterated a “neutral” rating and issued a $64.00 price target (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 increased their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target for the company. Finally, Truist Financial increased their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.00.

About Travel + Leisure

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.