Travel + Leisure Co. $TNL Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 81.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,954 shares of the company’s stock after selling 43,787 shares during the period. Kingsview Wealth Management LLC’s holdings in Travel + Leisure were worth $592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TNL. Elo Mutual Pension Insurance Co purchased a new stake in Travel + Leisure in the 3rd quarter worth $1,563,000. Handelsbanken Fonder AB lifted its holdings in Travel + Leisure by 32.4% during the third quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock valued at $1,339,000 after purchasing an additional 5,500 shares in the last quarter. Choreo LLC lifted its holdings in Travel + Leisure by 20.3% during the third quarter. Choreo LLC now owns 6,869 shares of the company’s stock valued at $409,000 after purchasing an additional 1,158 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of Travel + Leisure in the third quarter valued at about $239,000. Finally, Rossby Financial LCC increased its stake in shares of Travel + Leisure by 13.1% during the third quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock worth $85,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,904 shares of Travel + Leisure stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider directly owned 427,821 shares in the company, valued at $31,671,588.63. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 96,702 shares of company stock worth $7,182,383. Insiders own 3.75% of the company’s stock.

Travel + Leisure Trading Down 3.1%

NYSE:TNL opened at $73.13 on Friday. The company has a market cap of $4.56 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.55 and a beta of 1.32. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $81.00. The company’s 50-day moving average price is $72.77 and its 200-day moving average price is $67.18.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. On average, analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TNL. Mizuho set a $107.00 price target on shares of Travel + Leisure in a research report on Thursday, February 19th. Morgan Stanley boosted their price objective on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a report on Friday, February 20th. Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Finally, Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.