Hotchkis & Wiley Capital Management LLC Lowers Stake in Travel + Leisure Co. (NYSE:TNL)

Hotchkis & Wiley Capital Management LLC lowered its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 269,410 shares of the company’s stock after selling 10,800 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.39% of Travel + Leisure worth $12,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Travel + Leisure in the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC grew its stake in shares of Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after acquiring an additional 607 shares during the period. Family Firm Inc. bought a new stake in shares of Travel + Leisure in the second quarter worth approximately $31,000. Finally, Larson Financial Group LLC bought a new stake in shares of Travel + Leisure in the second quarter worth approximately $36,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 0.2 %

TNL stock opened at $55.24 on Wednesday. The firm has a 50 day moving average of $49.62 and a 200 day moving average of $46.03. The stock has a market capitalization of $3.78 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.63. Travel + Leisure Co. has a 52 week low of $36.09 and a 52 week high of $56.91.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. On average, equities research analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TNL. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Barclays boosted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Tigress Financial boosted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Insider Buying and Selling at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were 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 owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The trade was a 25.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,455 shares of company stock worth $5,075,834. Company insiders own 4.02% of the company’s stock.

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.