Susquehanna International Group LLP boosted its holdings in shares of Travelport Worldwide Limited (NYSE:TVPT) by 70.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,972 shares of the company’s stock after buying an additional 69,965 shares during the quarter. Susquehanna International Group LLP owned about 0.14% of Travelport Worldwide Limited worth $2,339,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of TVPT. Russell Investments Group Ltd. increased its position in Travelport Worldwide Limited by 315.1% during the first quarter. Russell Investments Group Ltd. now owns 44,418 shares of the company’s stock worth $522,000 after buying an additional 33,717 shares during the last quarter. Bank of New York Mellon Corp increased its position in Travelport Worldwide Limited by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 504,192 shares of the company’s stock worth $5,935,000 after buying an additional 10,379 shares during the last quarter. Sei Investments Co. increased its position in Travelport Worldwide Limited by 2.0% during the first quarter. Sei Investments Co. now owns 21,023 shares of the company’s stock worth $248,000 after buying an additional 405 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Travelport Worldwide Limited by 32.8% during the first quarter. Parametric Portfolio Associates LLC now owns 113,052 shares of the company’s stock worth $1,331,000 after buying an additional 27,919 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Travelport Worldwide Limited during the first quarter worth $193,000. 92.35% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Travelport Worldwide Limited (NYSE:TVPT) traded up 0.65% during midday trading on Wednesday, hitting $15.55. The stock had a trading volume of 154,513 shares. The company’s 50 day moving average price is $15.33 and its 200-day moving average price is $13.96. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $15.93. The firm has a market capitalization of $1.94 billion, a PE ratio of 18.29 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.26. The company had revenue of $612.10 million for the quarter, compared to analyst estimates of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. Equities analysts predict that Travelport Worldwide Limited will post $1.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. Travelport Worldwide Limited’s dividend payout ratio is presently 35.29%.
Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 21st. Cowen and Company reaffirmed an “outperform” rating and issued a $17.00 price target (up from $16.00) on shares of Travelport Worldwide Limited in a research report on Wednesday, August 9th. Zacks Investment Research raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 10th. Finally, ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Travelport Worldwide Limited has an average rating of “Hold” and an average target price of $15.38.
Travelport Worldwide Limited Company Profile
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment, mobile and other solutions for the travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform (its Travel Commerce Platform).
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