Travelport Worldwide Ltd. (TVPT) Position Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its stake in shares of Travelport Worldwide Ltd. (NYSE:TVPT) by 61.6% during the third quarter, Holdings Channel reports. The firm owned 9,011 shares of the company’s stock after buying an additional 3,434 shares during the period. BNP Paribas Arbitrage SA’s holdings in Travelport Worldwide were worth $135,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Teachers Advisors Inc. increased its position in Travelport Worldwide by 19.7% in the first quarter. Teachers Advisors Inc. now owns 893,525 shares of the company’s stock worth $12,206,000 after buying an additional 146,756 shares in the last quarter. Prudential Financial Inc. increased its position in Travelport Worldwide by 2,363.8% in the first quarter. Prudential Financial Inc. now owns 299,350 shares of the company’s stock worth $4,089,000 after buying an additional 287,200 shares in the last quarter. BlackRock Group LTD increased its position in Travelport Worldwide by 12.8% in the first quarter. BlackRock Group LTD now owns 79,840 shares of the company’s stock worth $1,091,000 after buying an additional 9,051 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Travelport Worldwide by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,696,148 shares of the company’s stock worth $36,829,000 after buying an additional 94,157 shares in the last quarter. Finally, Royce & Associates LP increased its position in Travelport Worldwide by 108.3% in the first quarter. Royce & Associates LP now owns 125,000 shares of the company’s stock worth $1,708,000 after buying an additional 65,000 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.
Travelport Worldwide Ltd. (NYSE:TVPT) opened at 14.44 on Thursday. The firm has a 50-day moving average price of $14.32 and a 200-day moving average price of $13.65. Travelport Worldwide Ltd. has a 12-month low of $8.50 and a 12-month high of $15.22. The company has a market cap of $1.79 billion, a P/E ratio of 180.50 and a beta of 0.69.
Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Travelport Worldwide had a negative return on equity of 36.01% and a net margin of 0.47%. The business had revenue of $606 million for the quarter, compared to analysts’ expectations of $593.81 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Travelport Worldwide Ltd. will post $1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.30 annualized dividend and a yield of 2.08%. Travelport Worldwide’s dividend payout ratio (DPR) is 375.05%.
In related news, CEO Gordon A. Wilson sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.71, for a total transaction of $685,500.00. Following the transaction, the chief executive officer now directly owns 691,023 shares in the company, valued at approximately $9,473,925.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.
About Travelport Worldwide
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for 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.
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