Entropy Technologies LP Takes Position in Travel + Leisure Co. (NYSE:TNL)

Entropy Technologies LP purchased a new stake in Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,398 shares of the company’s stock, valued at approximately $373,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 503 shares during the period. Brooklyn Investment Group bought a new stake in shares of Travel + Leisure in the third quarter valued at about $43,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Travel + Leisure in the third quarter valued at about $44,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 0.1 %

Shares of TNL stock opened at $55.36 on Thursday. Travel + Leisure Co. has a 12-month low of $39.78 and a 12-month high of $57.62. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. The firm has a fifty day moving average of $52.74 and a 200-day moving average of $48.91.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now directly owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TNL has been the subject of a number of analyst reports. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Stifel Nicolaus lifted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial lifted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.55.

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.