GSA Capital Partners LLP Sells 12,908 Shares of Travel + Leisure Co. (NYSE:TNL)

GSA Capital Partners LLP reduced its position in Travel + Leisure Co. (NYSE:TNL) by 51.1% in the 3rd quarter, Holdings Channel reports. The firm owned 12,341 shares of the company’s stock after selling 12,908 shares during the quarter. GSA Capital Partners LLP’s holdings in Travel + Leisure were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of TNL. UMB Bank n.a. increased its position in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc acquired a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its position in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $31,000. Finally, Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $36,000. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Performance

NYSE:TNL opened at $52.59 on Wednesday. The stock has a fifty day moving average of $47.45 and a 200 day moving average of $45.43. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $54.79. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.80%. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Insider Activity at Travel + Leisure

In other news, insider Geoffrey Richards sold 4,607 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now directly owns 120,602 shares of the company’s stock, valued at $6,542,658.50. The trade was a 3.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,055 shares of company stock worth $4,544,170 in the last 90 days. Company insiders own 4.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TNL. Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group boosted their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, Truist Financial decreased their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.67.

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.