Alberta Investment Management Corp Raises Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Alberta Investment Management Corp lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,437 shares of the company’s stock after acquiring an additional 2,937 shares during the period. Alberta Investment Management Corp owned 0.05% of Travel + Leisure worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in Travel + Leisure by 114.6% during the 4th quarter. Venturi Wealth Management LLC now owns 5,366 shares of the company’s stock worth $271,000 after purchasing an additional 2,865 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Travel + Leisure by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 17,835 shares of the company’s stock worth $984,000 after buying an additional 1,285 shares during the period. Hourglass Capital LLC boosted its stake in shares of Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after buying an additional 230 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Travel + Leisure by 231.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,564 shares of the company’s stock worth $577,000 after buying an additional 8,076 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Travel + Leisure in the 4th quarter valued at about $373,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 3.3 %

Shares of NYSE TNL opened at $55.25 on Friday. The stock has a market capitalization of $3.78 billion, a PE ratio of 9.46, a P/E/G ratio of 0.67 and a beta of 1.64. The firm has a fifty day moving average of $53.09 and a 200-day moving average of $49.48. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 earnings per share. Equities research analysts expect that Travel + Leisure Co. will post 6.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TNL. Tigress Financial increased their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley began coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target for the company. Finally, Truist Financial raised their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.02% of the company’s stock.

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.