Bessemer Group Inc. increased its position in Travelport Worldwide Limited (NYSE:TVPT) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 152,820 shares of the company’s stock after buying an additional 11,620 shares during the period. Bessemer Group Inc.’s holdings in Travelport Worldwide Limited were worth $2,103,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in TVPT. Strs Ohio raised its position in shares of Travelport Worldwide Limited by 41.2% in the second quarter. Strs Ohio now owns 78,200 shares of the company’s stock worth $1,076,000 after buying an additional 22,800 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Travelport Worldwide Limited by 54.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 38,298 shares of the company’s stock worth $527,000 after buying an additional 13,561 shares during the last quarter. Affinity Investment Advisors LLC raised its position in shares of Travelport Worldwide Limited by 28.6% in the second quarter. Affinity Investment Advisors LLC now owns 20,581 shares of the company’s stock worth $283,000 after buying an additional 4,580 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Travelport Worldwide Limited by 69.6% in the second quarter. Acadian Asset Management LLC now owns 889,088 shares of the company’s stock worth $12,232,000 after buying an additional 365,003 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Travelport Worldwide Limited during the second quarter worth $10,517,000. 96.82% of the stock is owned by hedge funds and other institutional investors.

Travelport Worldwide Limited (NYSE:TVPT) opened at 14.16 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 16.94 and a beta of 0.61. The stock’s 50 day moving average is $14.01 and its 200-day moving average is $13.35. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $15.15.

Travelport Worldwide Limited (NYSE:TVPT) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.26. The firm had revenue of $612.10 million during the quarter, compared to analysts’ expectations of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Analysts forecast that Travelport Worldwide Limited will post $1.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio is currently 35.29%.

ILLEGAL ACTIVITY WARNING: “Travelport Worldwide Limited (NYSE:TVPT) Shares Bought by Bessemer Group Inc.” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/travelport-worldwide-limited-nysetvpt-shares-bought-by-bessemer-group-inc/1472441.html.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday. Cowen and Company reaffirmed an “outperform” rating and issued a $17.00 target price (up from $16.00) on shares of Travelport Worldwide Limited in a research note on Wednesday. BidaskClub lowered shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Travelport Worldwide Limited currently has a consensus rating of “Buy” and an average target price of $15.38.

In other news, insider Antonios Basoukeas sold 6,895 shares of Travelport Worldwide Limited stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $13.72, for a total transaction of $94,599.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.19% of the stock is owned by company insiders.

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).

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 Limited (NYSE:TVPT).

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

Receive News & Ratings for Travelport Worldwide Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.