Travel + Leisure Co. (NYSE:TNL) Shares Sold by TCW Group Inc.

TCW Group Inc. trimmed its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,140 shares of the company’s stock after selling 76,636 shares during the period. TCW Group Inc. owned about 0.30% of Travel + Leisure worth $10,299,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares during the period. UMB Bank n.a. boosted its holdings in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the period. Brooklyn Investment Group acquired a new stake in Travel + Leisure in the third quarter valued at approximately $43,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Travel + Leisure during the third quarter valued at approximately $44,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays raised their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Travel + Leisure Trading Down 3.3 %

Shares of NYSE TNL opened at $55.25 on Monday. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The business has a 50 day simple moving average of $53.09 and a 200-day simple moving average of $49.59.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

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.