Travelport Worldwide (TVPT) Trading Up 5.2%

Travelport Worldwide Ltd (NYSE:TVPT)’s share price was up 5.2% on Thursday . The stock traded as high as $16.77 and last traded at $15.72. Approximately 3,449,714 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 1,515,976 shares. The stock had previously closed at $14.95.

Several equities analysts recently weighed in on TVPT shares. Imperial Capital restated an “outperform” rating and issued a $20.00 price target (down previously from $25.00) on shares of Travelport Worldwide in a research note on Friday, November 2nd. Zacks Investment Research lowered Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Morgan Stanley set a $16.00 price target on Travelport Worldwide and gave the company a “hold” rating in a research note on Friday, November 2nd. Finally, ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.80.

The firm has a market capitalization of $1.89 billion, a PE ratio of 16.72 and a beta of 0.43.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.43. Travelport Worldwide had a negative return on equity of 43.41% and a net margin of 4.60%. The company had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $634.46 million. During the same period in the previous year, the firm posted $0.18 EPS. Travelport Worldwide’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that Travelport Worldwide Ltd will post 0.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, December 5th. Travelport Worldwide’s payout ratio is 31.91%.

In related news, insider Matthew Minetola sold 2,508 shares of Travelport Worldwide stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total value of $38,874.00. Following the sale, the insider now directly owns 37,004 shares in the company, valued at approximately $573,562. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.32% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Travelport Worldwide by 3.9% during the 3rd quarter. BlackRock Inc. now owns 17,981,946 shares of the company’s stock worth $303,355,000 after purchasing an additional 666,943 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Travelport Worldwide by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,532,299 shares of the company’s stock worth $76,460,000 after purchasing an additional 359,725 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Travelport Worldwide by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,240,957 shares of the company’s stock worth $54,674,000 after purchasing an additional 323,547 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Travelport Worldwide by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,151,499 shares of the company’s stock worth $53,165,000 after purchasing an additional 20,019 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Travelport Worldwide by 30.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,351,372 shares of the company’s stock worth $39,668,000 after purchasing an additional 545,113 shares during the last quarter. Institutional investors and hedge funds own 94.09% of the company’s stock.

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Travelport Worldwide Company Profile (NYSE:TVPT)

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.

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