Legal & General Group Plc boosted its position in Travelport Worldwide Ltd (NYSE:TVPT) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,384 shares of the company’s stock after purchasing an additional 9,621 shares during the quarter. Legal & General Group Plc’s holdings in Travelport Worldwide were worth $5,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Travelport Worldwide by 450.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock worth $25,000 after buying an additional 1,334 shares in the last quarter. Resources Investment Advisors Inc. acquired a new position in shares of Travelport Worldwide during the 4th quarter worth $32,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Travelport Worldwide during the 4th quarter worth $50,000. NumerixS Investment Technologies Inc acquired a new position in shares of Travelport Worldwide during the 4th quarter worth $60,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Travelport Worldwide during the 4th quarter worth $187,000. Institutional investors and hedge funds own 94.16% of the company’s stock.

Shares of TVPT opened at $15.70 on Wednesday. Travelport Worldwide Ltd has a 12-month low of $13.27 and a 12-month high of $20.30. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 44.86 and a beta of 0.27.

Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Friday, February 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. Travelport Worldwide had a negative return on equity of 33.12% and a net margin of 2.85%. The business had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $580.47 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts forecast that Travelport Worldwide Ltd will post 0.61 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Imperial Capital lowered their price target on Travelport Worldwide from $20.00 to $15.75 and set an “in-line” rating for the company in a report on Tuesday, December 11th. Zacks Investment Research raised Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.55.

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Travelport Worldwide Profile

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.

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

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