Boston Advisors LLC bought a new stake in shares of Travelport Worldwide Ltd. (NYSE:TVPT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,030 shares of the company’s stock, valued at approximately $568,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Travelport Worldwide during the second quarter valued at about $328,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Travelport Worldwide during the second quarter worth about $323,000. Bank of Montreal Can purchased a new stake in shares of Travelport Worldwide during the second quarter worth about $2,644,000. Adams Diversified Equity Fund Inc. purchased a new stake in shares of Travelport Worldwide during the second quarter worth about $402,000. Finally, Copper Rock Capital Partners LLC purchased a new stake in shares of Travelport Worldwide during the second quarter worth about $45,824,000. Institutional investors and hedge funds own 94.60% of the company’s stock.
Shares of Travelport Worldwide Ltd. (NYSE:TVPT) traded up 1.22% during mid-day trading on Wednesday, hitting $14.94. The company had a trading volume of 910,840 shares. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 186.75 and a beta of 0.69. Travelport Worldwide Ltd. has a 52-week low of $8.50 and a 52-week high of $15.22. The firm has a 50-day moving average price of $14.18 and a 200 day moving average price of $13.60.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The company earned $606 million during the quarter, compared to analysts’ expectations of $593.81 million. Travelport Worldwide had a net margin of 0.47% and a negative return on equity of 36.01%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Analysts expect that Travelport Worldwide Ltd. will post $1.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, August 30th. Travelport Worldwide’s dividend payout ratio is presently 375.05%.
In other Travelport Worldwide news, CEO Gordon A. Wilson sold 50,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $13.71, for a total value of $685,500.00. Following the completion of the sale, the chief executive officer now owns 691,023 shares in the company, valued at approximately $9,473,925.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
About Travelport Worldwide
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for 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.
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