Hantz Financial Services Inc. Increases Stock Holdings in Travel + Leisure Co. $TNL

Hantz Financial Services Inc. lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 2,519.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,043 shares of the company’s stock after buying an additional 1,965 shares during the period. Hantz Financial Services Inc.’s holdings in Travel + Leisure were worth $105,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. boosted its position in shares of Travel + Leisure by 7.0% during the second quarter. Bessemer Group Inc. now owns 9,862 shares of the company’s stock valued at $509,000 after buying an additional 644 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Travel + Leisure by 61.9% during the second quarter. Nisa Investment Advisors LLC now owns 121,074 shares of the company’s stock valued at $6,249,000 after buying an additional 46,276 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $242,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $332,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Travel + Leisure by 13.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 39,329 shares of the company’s stock valued at $2,030,000 after buying an additional 4,722 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays boosted their price objective on Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a research report on Thursday, October 23rd. Mizuho set a $86.00 price objective on Travel + Leisure in a research report on Wednesday, October 22nd. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $69.90.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $63.22 on Tuesday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $70.43. The business’s fifty day moving average price is $61.87 and its 200-day moving average price is $56.00. The stock has a market capitalization of $4.07 billion, a PE ratio of 10.40, a P/E/G ratio of 0.55 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a yield of 3.5%. Travel + Leisure’s dividend payout ratio is 36.84%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 1,538 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the sale, the insider owned 3,904 shares of the company’s stock, valued at approximately $254,072.32. This represents a 28.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,200 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total value of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. This trade represents a 79.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,344 shares of company stock worth $8,480,198 in the last three months. 3.75% of the stock is currently owned by corporate insiders.

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.