QRG Capital Management Inc. Boosts Stake in Travel + Leisure Co. (NYSE:TNL)

QRG Capital Management Inc. raised its position in Travel + Leisure Co. (NYSE:TNL) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,849 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. QRG Capital Management Inc.’s holdings in Travel + Leisure were worth $1,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew 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 buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Travel + Leisure by 314.4% during the 4th 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 period. UMB Bank n.a. grew 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. Brooklyn Investment Group purchased a new stake in Travel + Leisure during the third quarter worth about $43,000. Finally, Capital Performance Advisors LLP purchased a new stake in Travel + Leisure during the third quarter worth about $44,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $55.38 on Tuesday. The business has a 50-day moving average of $53.62 and a two-hundred day moving average of $50.19. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the prior year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TNL shares. The Goldman Sachs Group lifted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Truist Financial upped their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Stifel Nicolaus increased their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.