Travel + Leisure Co. (NYSE:TNL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 231.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,111 shares of the company’s stock after acquiring an additional 8,457 shares during the quarter. SG Americas Securities LLC’s holdings in Travel + Leisure were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after purchasing an additional 466,640 shares during the period. Norges Bank acquired a new stake in Travel + Leisure in the fourth quarter valued at approximately $34,967,000. Swedbank AB purchased a new stake in shares of Travel + Leisure during the first quarter valued at approximately $33,598,000. LSV Asset Management lifted its position in shares of Travel + Leisure by 6.4% during the first quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after purchasing an additional 35,591 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Travel + Leisure by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 520,094 shares of the company’s stock worth $20,330,000 after purchasing an additional 9,921 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 1.1 %

Shares of NYSE TNL opened at $43.50 on Tuesday. The business has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $44.63. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.91. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. During the same period in the prior year, the company earned $1.33 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Travel + Leisure Co. will post 5.61 earnings per share for the current year.

Analyst Ratings Changes

TNL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Barclays increased their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Tigress Financial lifted their price objective on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $57.25.

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.