Travel + Leisure Co. (NYSE:TNL) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,849 shares of the company’s stock after buying an additional 1,023 shares during the quarter. QRG Capital Management Inc.’s holdings in Travel + Leisure were worth $1,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Travel + Leisure by 36.9% during the fourth 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 last quarter. Versant Capital Management Inc boosted its stake in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. Hourglass Capital LLC grew its position in Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after purchasing an additional 230 shares during the last quarter. Gries Financial LLC increased its stake in Travel + Leisure by 5.5% in the fourth quarter. Gries Financial LLC now owns 5,074 shares of the company’s stock valued at $256,000 after purchasing an additional 265 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Travel + Leisure by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock valued at $81,000 after buying an additional 379 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TNL shares. Mizuho reissued a “neutral” rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. The Goldman Sachs Group lifted 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. Stifel Nicolaus upped their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Travel + Leisure Stock Performance

NYSE:TNL opened at $55.38 on Tuesday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The stock has a fifty day moving average price of $53.62 and a two-hundred day moving average price of $50.19.

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

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.