Fox Run Management L.L.C. purchased a new position in shares of Travelport Worldwide Ltd (NYSE:TVPT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,942 shares of the company’s stock, valued at approximately $286,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TVPT. Wells Fargo & Company MN raised its holdings in Travelport Worldwide by 76.7% in the 1st quarter. Wells Fargo & Company MN now owns 740,048 shares of the company’s stock valued at $12,093,000 after acquiring an additional 321,345 shares during the last quarter. Northern Trust Corp raised its holdings in Travelport Worldwide by 6.7% in the 1st quarter. Northern Trust Corp now owns 1,762,891 shares of the company’s stock valued at $28,806,000 after acquiring an additional 110,639 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Travelport Worldwide in the 1st quarter valued at about $172,000. Dimensional Fund Advisors LP raised its holdings in Travelport Worldwide by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,106,472 shares of the company’s stock valued at $50,760,000 after acquiring an additional 127,641 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in Travelport Worldwide by 409.9% in the 1st quarter. OppenheimerFunds Inc. now owns 121,361 shares of the company’s stock valued at $1,983,000 after acquiring an additional 97,558 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.
A number of analysts have commented on TVPT shares. Cowen set a $23.00 price objective on shares of Travelport Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Deutsche Bank increased their price objective on shares of Travelport Worldwide from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, June 25th. Morgan Stanley increased their price objective on shares of Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Imperial Capital increased their price objective on shares of Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Travelport Worldwide has a consensus rating of “Hold” and an average target price of $21.80.
Shares of NYSE TVPT opened at $15.03 on Friday. The company has a market cap of $2.13 billion, a PE ratio of 15.97 and a beta of 0.25. The company has a debt-to-equity ratio of -16.95, a current ratio of 0.81 and a quick ratio of 0.81. Travelport Worldwide Ltd has a 1 year low of $12.10 and a 1 year high of $20.30.
Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The business had revenue of $662.01 million during the quarter, compared to the consensus estimate of $638.77 million. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. On average, sell-side analysts expect that Travelport Worldwide Ltd will post 0.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.00%. Travelport Worldwide’s dividend payout ratio is currently 31.91%.
Travelport Worldwide 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.
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