Allspring Global Investments Holdings LLC Raises Position in Travel + Leisure Co. (NYSE:TNL)

Allspring Global Investments Holdings LLC raised its position in shares of Travel + Leisure Co. (NYSE:TNL) by 231.5% during the fourth quarter, HoldingsChannel reports. The firm owned 11,564 shares of the company’s stock after purchasing an additional 8,076 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Travel + Leisure were worth $577,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TNL. Versant Capital Management Inc raised its position in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. raised its position in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Travel + Leisure during the third quarter valued at about $43,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Travel + Leisure during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

NYSE TNL opened at $55.91 on Tuesday. The stock has a market capitalization of $3.73 billion, a PE ratio of 9.57, a PEG ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The business’s 50-day moving average is $53.15 and its 200 day moving average is $49.70.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period last year, the business posted $1.98 earnings per share. Travel + Leisure’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Wall Street Analyst Weigh In

TNL has been the topic of a number of recent research reports. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays raised their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Mizuho reaffirmed a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.