Eqis Capital Management Inc. reduced its position in shares of Travelport Worldwide Limited (NYSE:TVPT) by 12.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,142 shares of the company’s stock after selling 1,840 shares during the period. Eqis Capital Management Inc.’s holdings in Travelport Worldwide Limited were worth $181,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in TVPT. Russell Investments Group Ltd. bought a new stake in Travelport Worldwide Limited during the fourth quarter worth about $152,000. Dimensional Fund Advisors LP raised its position in Travelport Worldwide Limited by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,856,444 shares of the company’s stock worth $26,176,000 after buying an additional 337,904 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Travelport Worldwide Limited during the fourth quarter valued at approximately $144,000. Teachers Advisors LLC raised its position in Travelport Worldwide Limited by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,619 shares of the company’s stock valued at $13,799,000 after buying an additional 6,416 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Travelport Worldwide Limited during the fourth quarter valued at approximately $331,000. Hedge funds and other institutional investors own 96.82% of the company’s stock.
Shares of Travelport Worldwide Limited (TVPT) opened at 14.25 on Friday. The company’s 50 day moving average is $14.03 and its 200 day moving average is $13.35. Travelport Worldwide Limited has a one year low of $11.38 and a one year high of $15.15. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.05 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.26. The company had revenue of $612.10 million for the quarter, compared to analysts’ expectations of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Equities research analysts predict that Travelport Worldwide Limited will post $1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio (DPR) is 35.29%.
TVPT has been the topic of several recent analyst reports. BidaskClub lowered shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Cowen and Company set a $16.00 target price on shares of Travelport Worldwide Limited and gave the company a “buy” rating in a report on Wednesday, August 2nd. ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.38.
In related news, insider Antonios Basoukeas sold 6,895 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $13.72, for a total value of $94,599.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.19% of the stock is currently owned by corporate insiders.
About Travelport Worldwide Limited
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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