Travelport Worldwide Limited (TVPT) Sees Large Growth in Short Interest
Travelport Worldwide Limited (NYSE:TVPT) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,949,528 shares, a growth of 87.4% from the October 31st total of 1,040,102 shares. Based on an average trading volume of 1,687,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.6% of the shares of the company are short sold.
In other news, insider Antonios Basoukeas sold 15,000 shares of Travelport Worldwide stock in a transaction on Monday, November 6th. The shares were sold at an average price of $14.50, for a total transaction of $217,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Travelport Worldwide by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,540,762 shares of the company’s stock worth $117,521,000 after purchasing an additional 601,076 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Travelport Worldwide by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 7,891,186 shares of the company’s stock worth $123,892,000 after purchasing an additional 154,117 shares in the last quarter. New South Capital Management Inc. lifted its stake in Travelport Worldwide by 159.9% in the 2nd quarter. New South Capital Management Inc. now owns 5,786,575 shares of the company’s stock worth $79,623,000 after purchasing an additional 3,560,151 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Travelport Worldwide by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,764,391 shares of the company’s stock worth $79,317,000 after purchasing an additional 376,660 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Travelport Worldwide by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,408,354 shares of the company’s stock worth $74,419,000 after purchasing an additional 236,276 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.
TVPT has been the topic of a number of analyst reports. Cowen restated an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Travelport Worldwide in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Travelport Worldwide from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub upgraded shares of Travelport Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, ValuEngine upgraded shares of Travelport Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.88.
Travelport Worldwide (NYSE TVPT) opened at $13.16 on Tuesday. The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81. Travelport Worldwide has a one year low of $11.38 and a one year high of $16.17. The firm has a market cap of $1,650.41, a price-to-earnings ratio of 14.31, a P/E/G ratio of 4.08 and a beta of 0.49.
Travelport Worldwide (NYSE:TVPT) last released its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Travelport Worldwide had a net margin of 3.72% and a negative return on equity of 42.32%. The company had revenue of $610.84 million for the quarter, compared to analysts’ expectations of $611.03 million. During the same quarter in the previous year, the company earned $0.33 EPS. Travelport Worldwide’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Travelport Worldwide will post 0.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, December 6th. Travelport Worldwide’s payout ratio is currently 41.67%.
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About Travelport Worldwide
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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