Vanguard Group Inc. boosted its position in Travelport Worldwide Limited (NYSE:TVPT) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,172,078 shares of the company’s stock after buying an additional 668,517 shares during the period. Vanguard Group Inc.’s holdings in Travelport Worldwide Limited were worth $60,876,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new position in Travelport Worldwide Limited during the fourth quarter worth about $331,000. Teachers Advisors LLC increased its position in Travelport Worldwide Limited by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,619 shares of the company’s stock worth $13,799,000 after buying an additional 6,416 shares during the last quarter. Prudential Financial Inc. increased its position in Travelport Worldwide Limited by 41.0% in the first quarter. Prudential Financial Inc. now owns 1,397,050 shares of the company’s stock worth $16,443,000 after buying an additional 405,930 shares during the last quarter. Bank of Montreal Can increased its position in Travelport Worldwide Limited by 0.7% in the first quarter. Bank of Montreal Can now owns 401,126 shares of the company’s stock worth $4,721,000 after buying an additional 2,626 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new position in Travelport Worldwide Limited during the first quarter worth about $233,000. 96.82% of the stock is currently owned by institutional investors and hedge funds.

Travelport Worldwide Limited (NYSE:TVPT) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $612.10 million during the quarter, compared to analysts’ expectations of $618.27 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.15%. Travelport Worldwide Limited’s payout ratio is presently 35.29%.

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A number of equities analysts have recently issued reports on TVPT shares. Cowen and Company reissued an “outperform” rating and set a $16.00 price target on shares of Travelport Worldwide Limited in a research report on Wednesday, June 28th. BidaskClub raised Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. Finally, ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.83.

In related news, insider Antonios Basoukeas sold 6,895 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $13.72, for a total transaction of $94,599.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.19% of the company’s stock.

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

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