Flinton Capital Management LLC Boosts Stake in Travelport Worldwide Ltd (TVPT)
Flinton Capital Management LLC boosted its holdings in Travelport Worldwide Ltd (NYSE:TVPT) by 48.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after purchasing an additional 3,008 shares during the quarter. Flinton Capital Management LLC’s holdings in Travelport Worldwide were worth $171,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TVPT. BlackRock Inc. raised its stake in Travelport Worldwide by 103.1% in the 1st quarter. BlackRock Inc. now owns 16,195,587 shares of the company’s stock worth $264,634,000 after purchasing an additional 8,219,886 shares in the last quarter. Principal Financial Group Inc. raised its stake in Travelport Worldwide by 14.2% in 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. LSV Asset Management raised its stake in Travelport Worldwide by 315.5% in the 2nd quarter. LSV Asset Management now owns 1,553,718 shares of the company’s stock worth $28,805,000 after purchasing an additional 1,179,818 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Travelport Worldwide by 24,768.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 916,392 shares of the company’s stock worth $14,974,000 after purchasing an additional 912,707 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Travelport Worldwide in the 2nd quarter worth about $16,243,000. Institutional investors and hedge funds own 93.30% of the company’s stock.
Several brokerages have weighed in on TVPT. Imperial Capital lifted their price objective on shares of Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Morgan Stanley lifted their price objective on shares of Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Cowen set a $23.00 price objective on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, Deutsche Bank lifted their price objective on shares of Travelport Worldwide from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Travelport Worldwide presently has an average rating of “Hold” and a consensus price target of $21.80.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.30 by $0.11. The company 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 business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. research analysts expect that Travelport Worldwide Ltd will post 0.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, September 5th. Travelport Worldwide’s payout ratio is presently 31.91%.
In other news, insider Matthew Minetola sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 53,402 shares in the company, valued at approximately $1,069,108.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.32% of the stock is currently owned by insiders.
About Travelport Worldwide
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.
Further Reading: What do I need to know about analyst ratings?
Want to see what other hedge funds are holding TVPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelport Worldwide Ltd (NYSE:TVPT).
Receive News & Ratings for Travelport Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.