LSV Asset Management Sells 20,122 Shares of Travel + Leisure Co. $TNL

LSV Asset Management lessened its position in shares of Travel + Leisure Co. (NYSE:TNL) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,595,280 shares of the company’s stock after selling 20,122 shares during the quarter. LSV Asset Management’s holdings in Travel + Leisure were worth $94,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. bought a new stake in Travel + Leisure during the 2nd quarter worth about $27,000. Parkside Financial Bank & Trust grew its position in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after buying an additional 382 shares during the period. CNB Bank acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its stake in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure in the second quarter valued at approximately $45,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the transaction, the insider owned 39,604 shares in the company, valued at $2,580,992.68. The trade was a 61.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 559 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. The SEC filing for this sale provides additional information. Insiders own 3.75% of the company’s stock.

Travel + Leisure Trading Down 0.2%

TNL stock opened at $72.13 on Friday. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $76.21. The firm has a market cap of $4.64 billion, a PE ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.38. The business’s 50-day moving average price is $71.73 and its two-hundred day moving average price is $65.56.

Analysts Set New Price Targets

A number of research firms have commented on TNL. Morgan Stanley lifted their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Mizuho set a $86.00 price objective on Travel + Leisure in a report on Wednesday, October 22nd. Barclays set a $70.00 target price on Travel + Leisure and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.25.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.