Legal & General Group Plc Buys 9,897 Shares of Travelport Worldwide Limited (TVPT)
Legal & General Group Plc grew its stake in Travelport Worldwide Limited (NYSE:TVPT) by 25.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,476 shares of the company’s stock after acquiring an additional 9,897 shares during the quarter. Legal & General Group Plc’s holdings in Travelport Worldwide Limited were worth $666,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of TVPT. BlackRock Inc. grew its holdings in shares of Travelport Worldwide Limited by 52,255.3% during the 1st quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after purchasing an additional 7,924,521 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Travelport Worldwide Limited during the 1st quarter worth $32,124,000. New South Capital Management Inc. purchased a new position in shares of Travelport Worldwide Limited during the 1st quarter worth $26,205,000. Lucha Capital Management LP purchased a new position in shares of Travelport Worldwide Limited during the 1st quarter worth $10,750,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Travelport Worldwide Limited during the 2nd quarter worth $10,517,000. 92.35% of the stock is owned by institutional investors and hedge funds.
Travelport Worldwide Limited (TVPT) opened at 15.60 on Thursday. The company’s 50-day moving average price is $15.18 and its 200-day moving average price is $13.83. Travelport Worldwide Limited has a one year low of $11.38 and a one year high of $15.93. The stock has a market capitalization of $1.94 billion, a PE ratio of 18.66 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The firm had revenue of $612.10 million during the quarter, compared to the consensus estimate of $618.27 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Travelport Worldwide Limited will post $1.37 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio (DPR) is presently 35.29%.
A number of research firms have recently weighed in on TVPT. ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Cowen and Company set a $16.00 price target on Travelport Worldwide Limited and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.38.
Travelport Worldwide Limited Company 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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