Dimensional Fund Advisors LP lifted its stake in Travelport Worldwide Ltd (NYSE:TVPT) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,131,480 shares of the company’s stock after purchasing an additional 25,008 shares during the quarter. Dimensional Fund Advisors LP owned about 2.48% of Travelport Worldwide worth $58,056,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TVPT. Wells Fargo & Company MN lifted its holdings in Travelport Worldwide by 76.7% during the 1st quarter. Wells Fargo & Company MN now owns 740,048 shares of the company’s stock valued at $12,093,000 after purchasing an additional 321,345 shares during the last quarter. Swiss National Bank lifted its holdings in Travelport Worldwide by 3.6% during the 1st quarter. Swiss National Bank now owns 216,900 shares of the company’s stock valued at $3,544,000 after purchasing an additional 7,600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Travelport Worldwide by 8.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,287,519 shares of the company’s stock valued at $21,039,000 after purchasing an additional 100,310 shares during the last quarter. Northern Trust Corp lifted its holdings in Travelport Worldwide by 6.7% during the 1st quarter. Northern Trust Corp now owns 1,762,891 shares of the company’s stock valued at $28,806,000 after purchasing an additional 110,639 shares during the last quarter. Finally, Glen Harbor Capital Management LLC bought a new position in Travelport Worldwide during the 1st quarter valued at about $177,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Shares of TVPT stock opened at $16.59 on Tuesday. Travelport Worldwide Ltd has a 12-month low of $12.10 and a 12-month high of $20.30. The stock has a market cap of $2.12 billion, a P/E ratio of 17.69 and a beta of 0.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -16.95.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.11. The firm had revenue of $662.01 million during the quarter, compared to analysts’ expectations of $638.77 million. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. equities research analysts expect that Travelport Worldwide Ltd will post 0.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, September 5th. Travelport Worldwide’s payout ratio is presently 31.91%.

Several brokerages recently issued reports on TVPT. Zacks Investment Research downgraded shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Bank of America downgraded shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a report on Friday, August 3rd. Cowen set a $23.00 price target on shares of Travelport Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Morgan Stanley lifted their price target 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. Finally, Imperial Capital lifted their price target 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. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.80.

In other Travelport Worldwide news, insider Matthew Minetola sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $20.02, for a total value of $400,400.00. Following the completion of the sale, the insider now owns 53,402 shares in the company, valued at approximately $1,069,108.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.32% of the company’s stock.

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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Institutional Ownership by Quarter for Travelport Worldwide (NYSE:TVPT)

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