Bank of Montreal Can grew its holdings in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 55.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,448 shares of the company’s stock after purchasing an additional 99,050 shares during the period. Bank of Montreal Can owned approximately 0.22% of Travelport Worldwide worth $4,664,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc increased its stake in Travelport Worldwide by 335.2% during the 1st quarter. Legal & General Group Plc now owns 264,760 shares of the company’s stock worth $4,311,000 after purchasing an additional 203,926 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Travelport Worldwide by 39.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 23,155 shares of the company’s stock worth $378,000 after purchasing an additional 6,600 shares in the last quarter. Principal Financial Group Inc. increased its stake in Travelport Worldwide by 14.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,520,961 shares of the company’s stock worth $155,572,000 after purchasing an additional 1,182,970 shares in the last quarter. Amalgamated Bank bought a new stake in Travelport Worldwide during the 2nd quarter worth approximately $347,000. Finally, James Investment Research Inc. bought a new stake in Travelport Worldwide during the 2nd quarter worth approximately $280,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.
A number of analysts recently issued reports on TVPT shares. Imperial Capital increased their target price on Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Bank of America cut Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research note on Friday, August 3rd. Cowen set a $23.00 target price on Travelport Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley increased their target price on Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.80.
In other news, insider Matthew Minetola sold 2,508 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total transaction of $38,874.00. Following the completion of the transaction, the insider now directly owns 37,004 shares of the company’s stock, valued at approximately $573,562. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is owned by company insiders.
Shares of TVPT opened at $14.15 on Friday. The company has a market cap of $1.87 billion, a PE ratio of 15.05 and a beta of 0.25. Travelport Worldwide Ltd has a twelve month low of $12.10 and a twelve month high of $20.30.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.43. The company had revenue of $622.60 million during the quarter, compared to analysts’ expectations of $634.46 million. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. On average, equities research analysts predict that Travelport Worldwide Ltd will post 0.26 earnings per share for the current fiscal year.
Travelport Worldwide 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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