Nuveen Asset Management LLC sells stake in Travel + Leisure Co. (NYSE:TNL)


Nuveen Asset Management LLC has reduced its stake in Travel + Leisure Co. (New York Stock Exchange: TNLget rating) increased 45.7% in the third quarter, according to the latest disclosure to the SEC. The fund owned 1,036,682 shares in the company after selling 871,425 shares during the quarter. Nuveen Asset Management LLC owned his 1.28% of Travel + Leisure worth $35,371,000 as of the latest filing with the SEC.

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A number of other institutional investors have also recently bought and sold shares in the company. Penserra Capital Management LLC acquired a new position worth $31,000 in Travel + Leisure shares in the first quarter. Lazard Asset Management LLC purchased a new position in Travel + Leisure for approximately $34,000 in the first quarter. Quadrant Capital Group LLC increased its stake in Travel + Leisure by 47.1% in the second quarter. Quadrant Capital Group LLC now owns 893 shares of the company, valued at $35,000, after acquiring an additional 286 shares in the previous quarter. Wipfli Financial Advisors LLC won a new position in Travel + Leisure worth approximately $37,000 in the third quarter. Finally, Fieldpoint Private Securities LLC increased his Travel + Leisure stake holding by 43.2% in the second quarter. Fieldpoint Private Securities LLC now owns 995 shares worth $39,000 after purchasing an additional 300 shares last quarter. 88.54% of the shares are currently owned by hedge funds and other institutional investors.

Travel + leisure trade 0.3% increase

shares of New York Stock Exchange: TNL Opened Tuesday for $41.95. The company has a market capitalization of $3.25 billion, a price/earnings ratio of 9.87 and a beta of 1.68. The stock has a 50-day moving average price of $40.16 and a 200-day moving average price of $39.65. Travel + Leisure Co. has a 12-month low of $33.57 and a 12-month high of $59.99.

Travel + Leisure (New York Stock Exchange: TNLget rating) last reported earnings on Wednesday, February 22nd. The company reported his earnings per share (EPS) of $1.30 for the quarter, beating consensus expectations of his $1.22 by $0.08. Travel + Leisure had a net profit margin of 10.01% and a return on equity of 43.99%. The business generated $899 million in revenue for the quarter, compared to analyst expectations of $913.96 million. During the same period last year, the company earned $1.19 per share for him. The company’s quarterly revenue increased 3.3% year-on-year. As a group, research analysts expect Travel + Leisure Co. to post earnings per share of 5.42 for the current financial year.

Insider trading with Travel + Leisure

In other news, the director George Herrera sold 882 shares of the company on Tuesday, December 13. The shares sold for an average of $38.58, and the total transaction value he had was $34,027.56. Following the closing of the sale, the directors now own 40,320 shares of the company directly, valued at approximately $1,555,545.60. The transaction was disclosed in legal filings with the SEC. this link2.07% of the shares are owned by insiders.

Analyst sets new price target

Several research analysts recently published reports on the TNL stock. Barclays lowered its Travel + Leisure price target to $43.00 in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft increased its Travel + Leisure price target from $62.00 to $69.00 in a research report on Thursday, February 23rd. Credit Suisse Group raised Travel + Leisure’s price target from $31.00 to $36.00, marking the stock as “underperforming” in a research report on Thursday, February 23. Jefferies Financial Group downgraded Travel + Leisure’s stock from ‘buy’ to ‘hold’ in a report on Friday, February 3, lowering the company’s price target from $71.00 to $49.00. Finally, Truist Financial lowered its price target on Travel + Leisure stock from $72.00 to $60.00, giving the company a Buy rating in its report on Tuesday, November 15th. One research analyst evaluated the stock with a sell rating, two issued a hold rating, and two assigned a buy rating to the company’s stock. According to, the current consensus rating for the stock is ‘Hold’ with an average target price of $53.00.

Travel + Leisure Company Profile

(get rating)

Travel + Leisure Co is a membership and leisure travel company with a portfolio of approximately 20 resorts, travel clubs and lifestyle travel brands. We provide vacation experiences and travel inspiration for our owners, members and subscribers through our products and services. Wyndham Destinations is a vacation ownership company with 230 vacation club resort locations worldwide. Panorama is a membership travel business that includes a vacation exchange company. An industry travel technology and subscription travel brand, Travel + Leisure Group features online and print travel content, online booking platforms and travel clubs, and branded consumer products.

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Want to know which other hedge funds hold TNL? Visit To obtain Travel + Leisure Co.’s latest 13F filings and insider trading (New York Stock Exchange: TNLget rating).

Travel + Leisure Quarterly Institutional Owned (NYSE:TNL)

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