Barclays PLC Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Barclays PLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNLFree Report) by 31.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 212,066 shares of the company’s stock after buying an additional 50,140 shares during the quarter. Barclays PLC’s holdings in Travel + Leisure were worth $7,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Travel + Leisure by 13.9% in the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after buying an additional 1,197,611 shares in the last quarter. Vanguard Group Inc. increased its stake in Travel + Leisure by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,936,964 shares of the company’s stock worth $304,930,000 after buying an additional 227,175 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Travel + Leisure by 11.8% during the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock valued at $350,980,000 after purchasing an additional 636,968 shares during the last quarter. State Street Corp boosted its holdings in shares of Travel + Leisure by 3.0% during the 2nd quarter. State Street Corp now owns 2,515,891 shares of the company’s stock valued at $97,667,000 after purchasing an additional 74,254 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Travel + Leisure by 0.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,543,199 shares of the company’s stock valued at $56,682,000 after purchasing an additional 8,699 shares during the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Trading Down 1.8 %

NYSE:TNL opened at $39.88 on Thursday. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $44.06. The firm has a fifty day simple moving average of $39.48 and a 200-day simple moving average of $38.12. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.54, a PEG ratio of 0.94 and a beta of 1.61.

Wall Street Analysts Forecast Growth

Several research firms have commented on TNL. Truist Financial dropped their price objective on shares of Travel + Leisure from $66.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Tigress Financial increased their price target on shares of Travel + Leisure from $52.00 to $54.00 and gave the company a “buy” rating in a report on Monday, November 13th. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd. TheStreet downgraded shares of Travel + Leisure from a “b-” rating to a “c+” rating in a report on Monday, October 23rd. Finally, Barclays lowered their price target on shares of Travel + Leisure from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.57.

View Our Latest Report on TNL

Travel + Leisure Profile

(Free Report)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.

Further Reading

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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