Y Intercept Hong Kong Ltd Reduces Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Y Intercept Hong Kong Ltd lowered its position in Travel + Leisure Co. (NYSE:TNL) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,170 shares of the company’s stock after selling 3,346 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travel + Leisure were worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Travel + Leisure by 454.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,488 shares of the company’s stock valued at $161,000 after buying an additional 2,859 shares during the last quarter. International Assets Investment Management LLC lifted its position in Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after buying an additional 5,258 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Travel + Leisure by 16.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company’s stock valued at $1,809,000 after buying an additional 5,463 shares during the last quarter. New York State Teachers Retirement System lifted its position in Travel + Leisure by 6.4% in the third quarter. New York State Teachers Retirement System now owns 108,283 shares of the company’s stock valued at $4,990,000 after buying an additional 6,513 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its position in Travel + Leisure by 1.3% in the third quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock valued at $24,614,000 after buying an additional 6,757 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. 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 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Mizuho reissued a “neutral” rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Travel + Leisure Stock Up 0.8 %

Shares of NYSE:TNL opened at $56.30 on Thursday. The firm’s 50 day moving average price is $53.34 and its 200 day moving average price is $49.85. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95.

Travel + Leisure (NYSE:TNL) last issued 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. The firm had revenue of $971.00 million for 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 firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS 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.