Travelport Worldwide Limited (TVPT) Shares Sold by Quantbot Technologies LP
Quantbot Technologies LP decreased its position in Travelport Worldwide Limited (NYSE:TVPT) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,939 shares of the company’s stock after selling 9,001 shares during the quarter. Quantbot Technologies LP’s holdings in Travelport Worldwide Limited were worth $329,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of Travelport Worldwide Limited by 2.0% in the first quarter. Sei Investments Co. now owns 21,023 shares of the company’s stock valued at $248,000 after buying an additional 405 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Travelport Worldwide Limited by 3.9% in the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock valued at $297,000 after buying an additional 811 shares during the period. Amalgamated Bank grew its position in Travelport Worldwide Limited by 9.9% during the second quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock worth $216,000 after buying an additional 1,411 shares in the last quarter. California Public Employees Retirement System grew its position in Travelport Worldwide Limited by 1.1% during the first quarter. California Public Employees Retirement System now owns 258,000 shares of the company’s stock worth $3,037,000 after buying an additional 2,800 shares in the last quarter. Finally, Renaissance Group LLC grew its position in Travelport Worldwide Limited by 12.4% during the second quarter. Renaissance Group LLC now owns 28,279 shares of the company’s stock worth $389,000 after buying an additional 3,116 shares in the last quarter. 92.35% of the stock is currently owned by institutional investors.
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A number of brokerages have weighed in on TVPT. ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 21st. Cowen and Company set a $16.00 price objective on Travelport Worldwide Limited and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.38.
Travelport Worldwide Limited (NYSE:TVPT) opened at 15.82 on Tuesday. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.86. The company has a market capitalization of $1.97 billion, a PE ratio of 18.92 and a beta of 0.61. The stock has a 50 day moving average price of $15.11 and a 200-day moving average price of $13.79.
Travelport Worldwide Limited (NYSE:TVPT) last announced its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The business had revenue of $612.10 million during the quarter, compared to analyst estimates of $618.27 million. During the same period in the previous year, the business posted $0.28 earnings per share. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts predict that Travelport Worldwide Limited will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio (DPR) is currently 35.29%.
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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