First Trust Advisors LP Buys New Position in Travelport Worldwide Limited (TVPT)
First Trust Advisors LP bought a new stake in shares of Travelport Worldwide Limited (NYSE:TVPT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 104,512 shares of the company’s stock, valued at approximately $1,641,000. First Trust Advisors LP owned about 0.08% of Travelport Worldwide at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. ETRADE Capital Management LLC increased its stake in Travelport Worldwide by 3.9% during the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock valued at $297,000 after purchasing an additional 811 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Travelport Worldwide by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after acquiring an additional 918 shares during the last quarter. Amalgamated Bank grew its position in shares of Travelport Worldwide by 9.9% during the second quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock worth $216,000 after acquiring an additional 1,411 shares during the last quarter. Renaissance Group LLC grew its position in shares of Travelport Worldwide by 12.4% during the second quarter. Renaissance Group LLC now owns 28,279 shares of the company’s stock worth $389,000 after acquiring an additional 3,116 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Travelport Worldwide by 1.7% during the second quarter. Royce & Associates LP now owns 270,000 shares of the company’s stock worth $3,715,000 after acquiring an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.
Shares of Travelport Worldwide Limited (NYSE:TVPT) traded up $0.04 during midday trading on Thursday, reaching $13.45. 541,461 shares of the company’s stock were exchanged, compared to its average volume of 1,204,656. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $16.17. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -9.42. The firm has a market cap of $1,679.23, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 4.15 and a beta of 0.60.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $611.03 million. During the same period in the prior year, the company earned $0.33 EPS. Travelport Worldwide’s revenue was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Travelport Worldwide Limited will post 0.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, December 6th. Travelport Worldwide’s payout ratio is 41.67%.
In other Travelport Worldwide news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $14.50, for a total value of $217,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.19% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on TVPT. BidaskClub lowered shares of Travelport Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 21st. Cowen restated an “outperform” rating and set a $17.00 price target (up previously from $16.00) on shares of Travelport Worldwide in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, ValuEngine lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.88.
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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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