Olympiad Research LP Sells 11,858 Shares of Travel + Leisure Co. (NYSE:TNL)

Olympiad Research LP lessened its position in shares of Travel + Leisure Co. (NYSE:TNL) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,055 shares of the company’s stock after selling 11,858 shares during the period. Olympiad Research LP’s holdings in Travel + Leisure were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Copeland Capital Management LLC lifted its holdings in shares of Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after acquiring an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after acquiring an additional 138,153 shares during the period. Iridian Asset Management LLC CT lifted its holdings in shares of Travel + Leisure by 1.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock worth $24,614,000 after acquiring an additional 6,757 shares during the period. Algert Global LLC lifted its holdings in shares of Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after acquiring an additional 200,549 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Travel + Leisure by 1.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock worth $13,412,000 after acquiring an additional 3,841 shares during the period. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the subject of several research reports. Tigress Financial increased their price objective 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. The Goldman Sachs Group increased their price objective 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. 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 note on Monday, January 27th. Mizuho reissued a “neutral” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday. Finally, Stifel Nicolaus increased their price objective 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. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $55.25 on Monday. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95. The firm has a 50 day moving average price of $53.09 and a two-hundred day moving average price of $49.59. The stock has a market cap of $3.69 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the prior year, the company posted $1.98 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

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.