FNY Investment Advisers LLC acquired a new position in shares of Travelport Worldwide Ltd (NYSE:TVPT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,400 shares of the company’s stock, valued at approximately $210,000.
A number of other hedge funds also recently added to or reduced their stakes in TVPT. BlackRock Inc. increased its holdings in shares of Travelport Worldwide by 4.5% in the 4th quarter. BlackRock Inc. now owns 18,797,205 shares of the company’s stock valued at $293,614,000 after acquiring an additional 815,259 shares during the period. Alpine Associates Management Inc. acquired a new position in Travelport Worldwide in the 4th quarter valued at $72,580,000. Vanguard Group Inc. increased its stake in Travelport Worldwide by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,532,299 shares of the company’s stock valued at $76,460,000 after buying an additional 359,725 shares during the period. Vanguard Group Inc increased its stake in Travelport Worldwide by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 4,532,299 shares of the company’s stock valued at $76,460,000 after buying an additional 359,725 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Travelport Worldwide by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,253,357 shares of the company’s stock valued at $50,817,000 after buying an additional 101,858 shares during the period. 94.16% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on TVPT shares. Zacks Investment Research raised shares of Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, February 12th. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.55.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Friday, February 22nd. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $588.60 million for the quarter, compared to analyst estimates of $580.47 million. Travelport Worldwide had a net margin of 2.85% and a negative return on equity of 33.12%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS.
Travelport Worldwide Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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