JPMorgan Chase & Co. boosted its stake in Travelport Worldwide Ltd. (NYSE:TVPT) by 37.0% during the second quarter, Holdings Channel reports. The firm owned 633,863 shares of the company’s stock after buying an additional 171,263 shares during the period. JPMorgan Chase & Co. owned approximately 0.51% of Travelport Worldwide worth $8,171,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TVPT. Adirondack Research & Management Inc. bought a new position in shares of Travelport Worldwide during the first quarter worth $285,000. Goldman Sachs Group Inc. increased its stake in shares of Travelport Worldwide by 56.8% in the first quarter. Goldman Sachs Group Inc. now owns 4,759,281 shares of the company’s stock valued at $65,011,000 after buying an additional 1,724,115 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Travelport Worldwide during the first quarter valued at $985,000. State Street Corp increased its stake in shares of Travelport Worldwide by 8.8% in the first quarter. State Street Corp now owns 1,888,594 shares of the company’s stock valued at $25,794,000 after buying an additional 153,005 shares in the last quarter. Finally, Clovis Capital Management LP increased its stake in shares of Travelport Worldwide by 18.3% in the first quarter. Clovis Capital Management LP now owns 1,670,970 shares of the company’s stock valued at $22,825,000 after buying an additional 258,535 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Travelport Worldwide Ltd. (NYSE:TVPT) traded down 1.02% during mid-day trading on Friday, hitting $14.61. 472,363 shares of the stock were exchanged. The company has a 50 day moving average of $14.24 and a 200 day moving average of $13.62. Travelport Worldwide Ltd. has a 12-month low of $8.50 and a 12-month high of $15.22. The firm has a market cap of $1.81 billion, a P/E ratio of 182.62 and a beta of 0.69.
Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. The firm had revenue of $606 million for the quarter, compared to analyst estimates 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 revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities analysts anticipate that Travelport Worldwide Ltd. will post $1.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.30 annualized dividend and a dividend yield of 2.05%. Travelport Worldwide’s payout ratio is 375.05%.
In other news, CEO Gordon A. Wilson sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $13.71, for a total transaction of $685,500.00. Following the transaction, the chief executive officer now owns 691,023 shares of the company’s stock, valued at approximately $9,473,925.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
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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