Ziegler Capital Management LLC Decreases Position in Travel + Leisure Co. (NYSE:TNL)

Ziegler Capital Management LLC decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNLGet Rating) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,226 shares of the company’s stock after selling 2,563 shares during the quarter. Ziegler Capital Management LLC owned approximately 0.06% of Travel + Leisure worth $2,774,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TNL. Truist Financial Corp increased its position in Travel + Leisure by 5.4% during the first quarter. Truist Financial Corp now owns 46,630 shares of the company’s stock worth $2,702,000 after buying an additional 2,386 shares during the period. Personal CFO Solutions LLC acquired a new position in Travel + Leisure during the first quarter worth approximately $222,000. HighTower Advisors LLC increased its position in Travel + Leisure by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 27,850 shares of the company’s stock worth $1,538,000 after buying an additional 309 shares during the period. Gladius Capital Management LP acquired a new position in Travel + Leisure during the fourth quarter worth approximately $174,000. Finally, Mutual of America Capital Management LLC increased its position in Travel + Leisure by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 77,188 shares of the company’s stock worth $4,266,000 after buying an additional 1,109 shares during the period. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TNL shares. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $79.00 in a research report on Friday, April 29th. Barclays began coverage on Travel + Leisure in a report on Tuesday, June 28th. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

Insider Buying and Selling

In other Travel + Leisure news, insider James J. Savina sold 5,500 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the sale, the insider now directly owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.07% of the company’s stock.

Travel + Leisure Trading Up 4.3 %

NYSE TNL opened at $45.47 on Thursday. The company’s fifty day simple moving average is $44.26 and its 200-day simple moving average is $51.28. Travel + Leisure Co. has a 52 week low of $37.67 and a 52 week high of $63.19. The stock has a market cap of $3.88 billion, a P/E ratio of 12.05 and a beta of 1.73.

Travel + Leisure (NYSE:TNLGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.04). Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. The business had revenue of $809.00 million for the quarter, compared to the consensus estimate of $772.11 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 4.54 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, June 14th. Travel + Leisure’s payout ratio is currently 42.33%.

Travel + Leisure Profile

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Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

See Also

Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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