CNH Partners LLC Acquires 2,272,818 Shares of Travelport Worldwide Ltd (NYSE:TVPT)
CNH Partners LLC grew its holdings in Travelport Worldwide Ltd (NYSE:TVPT) by 171.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,598,284 shares of the company’s stock after acquiring an additional 2,272,818 shares during the quarter. CNH Partners LLC’s holdings in Travelport Worldwide were worth $56,601,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in Travelport Worldwide by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,819 shares of the company’s stock valued at $799,000 after purchasing an additional 918 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Travelport Worldwide by 450.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock valued at $25,000 after purchasing an additional 1,334 shares in the last quarter. Mason Street Advisors LLC raised its stake in Travelport Worldwide by 3.4% in the first quarter. Mason Street Advisors LLC now owns 42,141 shares of the company’s stock valued at $663,000 after purchasing an additional 1,392 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in Travelport Worldwide by 4.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 32,822 shares of the company’s stock valued at $516,000 after purchasing an additional 1,548 shares in the last quarter. Finally, Investors Research Corp acquired a new position in Travelport Worldwide in the first quarter valued at about $25,000. 94.95% of the stock is owned by institutional investors.
TVPT stock remained flat at $$15.75 during midday trading on Friday. The company had a trading volume of 4,774,700 shares, compared to its average volume of 4,486,813. The firm has a market capitalization of $1.99 billion, a P/E ratio of 45.00 and a beta of 0.27. Travelport Worldwide Ltd has a fifty-two week low of $13.27 and a fifty-two week high of $20.30.
Separately, ValuEngine raised Travelport Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.55.
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Travelport Worldwide Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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