Delphi Financial Group Inc. cut its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 30.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,152 shares of the company’s stock after selling 4,528 shares during the period. Travelport Worldwide Limited makes up 0.1% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Delphi Financial Group Inc.’s holdings in Travelport Worldwide Limited were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Travelport Worldwide Limited by 14.8% during the 1st quarter. Vanguard Group Inc. now owns 5,172,078 shares of the company’s stock worth $60,876,000 after buying an additional 668,517 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Travelport Worldwide Limited by 16.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,160,487 shares of the company’s stock worth $25,429,000 after buying an additional 304,043 shares in the last quarter. BlackRock Inc. raised its stake in shares of Travelport Worldwide Limited by 52,255.3% during the 1st quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after buying an additional 7,924,521 shares in the last quarter. State Street Corp raised its stake in shares of Travelport Worldwide Limited by 5.1% during the 1st quarter. State Street Corp now owns 2,420,738 shares of the company’s stock worth $28,494,000 after buying an additional 117,764 shares in the last quarter. Finally, Credit Suisse AG raised its stake in shares of Travelport Worldwide Limited by 31.5% during the 1st quarter. Credit Suisse AG now owns 178,913 shares of the company’s stock worth $2,106,000 after buying an additional 42,885 shares in the last quarter. 94.07% of the stock is owned by hedge funds and other institutional investors.
Travelport Worldwide Limited (TVPT) traded up $0.05 on Friday, hitting $13.48. The company had a trading volume of 192,278 shares, compared to its average volume of 1,211,605. The firm has a market cap of $1,682.99, a PE ratio of 14.60, a P/E/G ratio of 4.16 and a beta of 0.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of -9.42. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $16.17.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors 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 dividend yield of 2.23%. The ex-dividend date is Wednesday, December 6th. Travelport Worldwide Limited’s dividend payout ratio is currently 41.67%.
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In related news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.19% of the company’s stock.
TVPT has been the subject of a number of analyst reports. BidaskClub downgraded Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Cowen Inc set a $16.00 target price on Travelport Worldwide Limited and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Two equities 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 company. The company has a consensus rating of “Hold” and a consensus target price of $15.88.
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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