Caprock Group LLC Acquires Shares of 28,099 Travel + Leisure Co. $TNL

Caprock Group LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 28,099 shares of the company’s stock, valued at approximately $1,776,000.

Several other hedge funds and other institutional investors have also modified their holdings of TNL. Envestnet Asset Management Inc. grew its stake in Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after buying an additional 482,731 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in Travel + Leisure in the 3rd quarter valued at about $1,707,000. Advisors Capital Management LLC raised its stake in shares of Travel + Leisure by 1.1% in the second quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock worth $20,633,000 after acquiring an additional 4,242 shares during the last quarter. Inscription Capital LLC lifted its position in shares of Travel + Leisure by 150.9% during the third quarter. Inscription Capital LLC now owns 19,623 shares of the company’s stock worth $1,167,000 after purchasing an additional 11,802 shares in the last quarter. Finally, Ethic Inc. lifted its position in shares of Travel + Leisure by 132.0% during the third quarter. Ethic Inc. now owns 27,108 shares of the company’s stock worth $1,613,000 after purchasing an additional 15,422 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research report on Wednesday, October 22nd. The Goldman Sachs Group increased their price objective on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial boosted their target price on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Morgan Stanley upped their price target on Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, JMP Securities lifted their price objective on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.25.

Travel + Leisure Stock Down 2.0%

TNL opened at $70.75 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.64 and a beta of 1.38. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $76.21. The company has a fifty day simple moving average of $71.77 and a 200 day simple moving average of $65.61.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider directly owned 39,604 shares of the company’s stock, valued at $2,580,992.68. This represents a 61.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.75% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.