Laurion Capital Management LP Takes Position in Travelport Worldwide Ltd (TVPT)
Laurion Capital Management LP acquired a new stake in Travelport Worldwide Ltd (NYSE:TVPT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,759 shares of the company’s stock, valued at approximately $578,000.
Several other hedge funds have also recently added to or reduced their stakes in TVPT. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 acquiring an additional 1,334 shares during the period. Investors Research Corp purchased a new position in shares of Travelport Worldwide during the first quarter valued at about $25,000. Resources Investment Advisors Inc. purchased a new position in shares of Travelport Worldwide during the fourth quarter valued at about $32,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Travelport Worldwide during the fourth quarter valued at about $50,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Travelport Worldwide during the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.
Shares of NYSE TVPT opened at $15.13 on Friday. Travelport Worldwide Ltd has a 1 year low of $13.27 and a 1 year high of $20.30. The stock has a market cap of $1.91 billion, a P/E ratio of 43.23 and a beta of 0.27.
Several brokerages recently issued reports on TVPT. Zacks Investment Research upgraded shares of Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, February 12th. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Travelport Worldwide currently has a consensus rating of “Hold” and an average price target of $19.55.
About Travelport Worldwide
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.
Further Reading: Price-Sales Ratio
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