SG Americas Securities LLC Invests $114,000 in Travel + Leisure Co. (NYSE:TNL)

SG Americas Securities LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,266 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC boosted its holdings in shares of Travel + Leisure by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after buying an additional 13,870 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after acquiring an additional 138,153 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake 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 acquiring an additional 6,757 shares in the last quarter. Algert Global LLC boosted its stake in Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after acquiring an additional 200,549 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Travel + Leisure by 1.3% during the third quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock worth $13,412,000 after purchasing an additional 3,841 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of the firm’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 sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TNL has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley initiated 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. JPMorgan Chase & Co. boosted their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, Barclays boosted their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Travel + Leisure Trading Up 0.1 %

Shares of NYSE TNL opened at $55.36 on Thursday. The company has a 50 day simple moving average of $52.74 and a two-hundred day simple moving average of $48.91. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure Co. has a 12 month low of $39.78 and a 12 month high of $57.62.

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.