Cortina Asset Management LLC Buys 126,710 Shares of Travelport Worldwide Limited (TVPT)
Cortina Asset Management LLC increased its stake in Travelport Worldwide Limited (NYSE:TVPT) by 37.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 469,348 shares of the company’s stock after purchasing an additional 126,710 shares during the quarter. Cortina Asset Management LLC owned approximately 0.37% of Travelport Worldwide Limited worth $7,369,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Travelport Worldwide Limited by 22.0% in the 2nd quarter. American Century Companies Inc. now owns 638,535 shares of the company’s stock worth $8,786,000 after purchasing an additional 115,230 shares during the period. Koch Industries Inc. bought a new position in Travelport Worldwide Limited in the 2nd quarter worth $548,000. Airain ltd raised its holdings in Travelport Worldwide Limited by 964.1% in the 2nd quarter. Airain ltd now owns 120,089 shares of the company’s stock worth $1,652,000 after purchasing an additional 108,804 shares during the period. ETRADE Capital Management LLC raised its holdings in Travelport Worldwide Limited by 3.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after purchasing an additional 811 shares during the period. Finally, Dupont Capital Management Corp bought a new position in Travelport Worldwide Limited in the 2nd quarter worth $314,000. 94.07% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on TVPT. BidaskClub cut Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Cowen and Company reaffirmed an “outperform” rating and issued a $17.00 target price (up from $16.00) on shares of Travelport Worldwide Limited in a report on Wednesday, August 9th. Zacks Investment Research cut Travelport Worldwide Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, ValuEngine cut Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.88.
In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 15,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.19% of the company’s stock.
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Shares of Travelport Worldwide Limited (TVPT) traded down $0.06 during mid-day trading on Wednesday, reaching $13.43. The company’s stock had a trading volume of 930,300 shares, compared to its average volume of 1,214,047. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $16.17. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $1,690.51, a price-to-earnings ratio of 14.66, a PEG ratio of 4.18 and a beta of 0.60.
Travelport Worldwide Limited (NYSE:TVPT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. Travelport Worldwide Limited had a negative return on equity of 42.32% and a net margin of 3.72%. The business had revenue of $610.84 million during the quarter, compared to analyst estimates of $611.03 million. During the same quarter in the prior year, the business posted $0.33 EPS. Travelport Worldwide Limited’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts anticipate that Travelport Worldwide Limited will post 0.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. Travelport Worldwide Limited’s payout ratio is presently 41.67%.
Travelport Worldwide Limited 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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