ClariVest Asset Management LLC Trims Holdings in Travelport (TVPT)

ClariVest Asset Management LLC trimmed its holdings in shares of Travelport (NYSE:TVPT) by 27.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,843 shares of the company’s stock after selling 62,149 shares during the quarter. ClariVest Asset Management LLC owned 0.13% of Travelport worth $2,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Affinity Investment Advisors LLC grew its holdings in Travelport by 52.4% during the 1st quarter. Affinity Investment Advisors LLC now owns 31,699 shares of the company’s stock worth $518,000 after acquiring an additional 10,893 shares during the last quarter. Riverhead Capital Management LLC bought a new stake in shares of Travelport in the 1st quarter valued at $159,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Travelport by 24,768.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 916,392 shares of the company’s stock valued at $14,974,000 after purchasing an additional 912,707 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Travelport by 22.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 432,175 shares of the company’s stock valued at $7,062,000 after purchasing an additional 79,777 shares during the last quarter. Finally, Quantum Capital Management bought a new stake in shares of Travelport in the 1st quarter valued at $177,000. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on TVPT. Bank of America lowered shares of Travelport from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 15th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of Travelport from $14.50 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, May 4th. Imperial Capital set a $22.00 price objective on shares of Travelport and gave the company a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research raised shares of Travelport from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 25th. Finally, ValuEngine raised shares of Travelport from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Travelport currently has an average rating of “Hold” and a consensus target price of $18.50.

In related news, CEO Gordon A. Wilson bought 6,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were acquired at an average cost of $14.42 per share, with a total value of $99,498.00. Following the completion of the purchase, the chief executive officer now directly owns 19,224 shares in the company, valued at $277,210.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas M. Steenland sold 128,000 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $16.30, for a total transaction of $2,086,400.00. Following the transaction, the director now directly owns 107,677 shares in the company, valued at $1,755,135.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,684 shares of company stock worth $5,316,551. 1.32% of the stock is owned by insiders.

Shares of NYSE TVPT opened at $17.33 on Friday. The firm has a market cap of $2.16 billion, a P/E ratio of 18.44 and a beta of 0.25. Travelport has a 12-month low of $12.10 and a 12-month high of $18.06. The company has a debt-to-equity ratio of -17.08, a quick ratio of 0.76 and a current ratio of 0.76.

Travelport (NYSE:TVPT) last issued its earnings results on Tuesday, February 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.34. The business had revenue of $573.57 million for the quarter, compared to analyst estimates of $566.92 million. Travelport had a net margin of 5.87% and a negative return on equity of 45.82%. Travelport’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. equities research analysts predict that Travelport will post 0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, June 7th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.73%. The ex-dividend date is Wednesday, June 6th. Travelport’s dividend payout ratio is presently 31.91%.

Travelport Company Profile

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.

Institutional Ownership by Quarter for Travelport (NYSE:TVPT)

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