Travelport Worldwide Limited (TVPT) Stake Held by Swiss National Bank

Swiss National Bank continued to hold its stake in Travelport Worldwide Limited (NYSE:TVPT) during the first quarter, Holdings Channel reports. The firm owned 203,700 shares of the company’s stock at the end of the first quarter. Swiss National Bank’s holdings in Travelport Worldwide Limited were worth $2,398,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC bought a new stake in Travelport Worldwide Limited during the fourth quarter valued at about $331,000. State Street Corp boosted its stake in Travelport Worldwide Limited by 7.4% in the fourth quarter. State Street Corp now owns 2,302,974 shares of the company’s stock valued at $32,471,000 after buying an additional 158,511 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $26,176,000 after buying an additional 337,904 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Travelport Worldwide Limited by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,619 shares of the company’s stock worth $13,799,000 after buying an additional 6,416 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Travelport Worldwide Limited by 0.7% in the first quarter. Bank of Montreal Can now owns 401,126 shares of the company’s stock worth $4,721,000 after buying an additional 2,626 shares during the period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Travelport Worldwide Limited (NYSE:TVPT)

Travelport Worldwide Limited (NYSE TVPT) opened at 13.73 on Tuesday. The firm has a market capitalization of $1.71 billion, a PE ratio of 30.44 and a beta of 0.60. The firm’s 50-day moving average is $13.58 and its 200-day moving average is $13.33. Travelport Worldwide Limited has a 12 month low of $11.28 and a 12 month high of $15.15.

Travelport Worldwide Limited (NYSE:TVPT) last announced its earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $650.70 million during the quarter, compared to analysts’ expectations of $628.72 million. Travelport Worldwide Limited had a negative return on equity of 45.12% and a net margin of 2.35%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities research analysts expect that Travelport Worldwide Limited will post $1.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.30 annualized dividend and a dividend yield of 2.18%. Travelport Worldwide Limited’s dividend payout ratio is 66.67%.

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A number of research analysts have weighed in on TVPT shares. William Blair cut shares of Travelport Worldwide Limited from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 22nd. Zacks Investment Research cut shares of Travelport Worldwide Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 2nd. Cowen and Company set a $16.00 price target on shares of Travelport Worldwide Limited and gave the company a “buy” rating in a research report on Wednesday, May 24th. ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, BidaskClub raised shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $15.75.

In related news, insider Antonios Basoukeas sold 6,895 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $13.72, for a total value of $94,599.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TVPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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