Investors Buy Travelport Worldwide (TVPT) on Weakness
Investors purchased shares of Travelport Worldwide Ltd (NYSE:TVPT) on weakness during trading hours on Tuesday. $191.01 million flowed into the stock on the tick-up and $15.97 million flowed out of the stock on the tick-down, for a money net flow of $175.04 million into the stock. Of all companies tracked, Travelport Worldwide had the 4th highest net in-flow for the day. Travelport Worldwide traded down ($0.05) for the day and closed at $13.65
Several brokerages have commented on TVPT. Cowen set a $19.00 price objective on shares of Travelport Worldwide and gave the stock a “buy” rating in a report on Wednesday, November 1st. BidaskClub lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Evercore ISI lowered shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.88.
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 $1,710.56, a price-to-earnings ratio of 18.89, a P/E/G ratio of 4.12 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, December 6th. Travelport Worldwide’s dividend payout ratio is presently 41.67%.
In other 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $12.86, for a total transaction of $154,320.00. Following the completion of the sale, the insider now directly owns 33,402 shares in the company, valued at $429,549.72. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its position in shares of Travelport Worldwide by 9.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,187,209 shares of the company’s stock worth $15,517,000 after buying an additional 100,128 shares during the period. Bank of Montreal Can grew its position in shares of Travelport Worldwide by 6.3% in the 4th quarter. Bank of Montreal Can now owns 514,250 shares of the company’s stock worth $6,721,000 after buying an additional 30,585 shares during the period. Susquehanna International Group LLP grew its position in shares of Travelport Worldwide by 53.4% in the 3rd quarter. Susquehanna International Group LLP now owns 260,792 shares of the company’s stock worth $4,095,000 after buying an additional 90,820 shares during the period. Dean Investment Associates LLC purchased a new stake in shares of Travelport Worldwide in the 3rd quarter worth about $7,119,000. Finally, California Public Employees Retirement System grew its position in shares of Travelport Worldwide by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 255,913 shares of the company’s stock worth $4,018,000 after buying an additional 6,713 shares during the period. 92.25% of the stock is currently owned by hedge funds and other institutional investors.
Travelport Worldwide 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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