Spark Investment Management LLC Sells 83,001 Shares of Travelport Worldwide Limited (TVPT)
Spark Investment Management LLC cut its position in shares of Travelport Worldwide Limited (NYSE:TVPT) by 35.8% during the second quarter, Holdings Channel reports. The firm owned 148,700 shares of the company’s stock after selling 83,001 shares during the period. Spark Investment Management LLC’s holdings in Travelport Worldwide Limited were worth $2,046,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in Travelport Worldwide Limited during the first quarter worth about $117,000. Russell Investments Group Ltd. acquired a new stake in Travelport Worldwide Limited during the fourth quarter worth about $152,000. LSV Asset Management acquired a new stake in Travelport Worldwide Limited during the first quarter worth about $147,000. Oppenheimer Asset Management Inc. acquired a new stake in Travelport Worldwide Limited during the first quarter worth about $149,000. Finally, Eqis Capital Management Inc. increased its stake in Travelport Worldwide Limited by 3.4% in the first quarter. Eqis Capital Management Inc. now owns 14,982 shares of the company’s stock worth $176,000 after buying an additional 494 shares during the period. Institutional investors own 97.15% of the company’s stock.
Travelport Worldwide Limited (NYSE:TVPT) last issued its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.26. Travelport Worldwide Limited had a negative return on equity of 48.13% and a net margin of 4.42%. The company had revenue of $612.10 million for the quarter, compared to analyst estimates of $618.27 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Wednesday, September 6th. Travelport Worldwide Limited’s payout ratio is 35.29%.
A number of analysts have recently issued reports on the stock. Cowen and Company set a $16.00 price objective on shares of Travelport Worldwide Limited and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.83.
In other news, insider Antonios Basoukeas sold 6,895 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $13.72, for a total transaction of $94,599.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by corporate insiders.
About Travelport Worldwide Limited
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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