Caxton Associates LP Sells 10,750 Shares of Travel + Leisure Co. (NYSE:TNL)

Caxton Associates LP decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 58.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,688 shares of the company’s stock after selling 10,750 shares during the period. Caxton Associates LP’s holdings in Travel + Leisure were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TNL. Norges Bank bought a new stake in shares of Travel + Leisure during the 4th quarter valued at $34,967,000. Vanguard Group Inc. increased its position in shares of Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after buying an additional 466,640 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Travel + Leisure by 1,025.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after buying an additional 179,149 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Travel + Leisure by 87.9% in the 4th quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock valued at $11,016,000 after buying an additional 131,796 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Travel + Leisure in the 4th quarter valued at $4,496,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 1.3 %

Shares of Travel + Leisure stock traded up $0.62 during trading hours on Tuesday, reaching $46.86. 143,263 shares of the company’s stock were exchanged, compared to its average volume of 566,405. The company has a 50 day moving average of $44.90 and a two-hundred day moving average of $44.34. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.91. The stock has a market cap of $3.27 billion, a P/E ratio of 8.52, a P/E/G ratio of 2.53 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS 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 during the quarter, compared to the consensus estimate of $987.20 million. During the same period in the prior year, the business posted $1.33 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Travel + Leisure Co. will post 5.61 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.27%. Travel + Leisure’s dividend payout ratio is 36.83%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays increased their target price on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Tigress Financial increased their target price on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.25.

About Travel + Leisure

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.