Goldentree Asset Management LP bought a new position in shares of Travelport Worldwide Ltd (NYSE:TVPT) during the fourth quarter, Holdings Channel reports. The fund bought 1,232,169 shares of the company’s stock, valued at approximately $16,104,000. Travelport Worldwide accounts for 1.7% of Goldentree Asset Management LP’s investment portfolio, making the stock its 9th biggest position.
Several other institutional investors also recently made changes to their positions in TVPT. Public Employees Retirement Association of Colorado acquired a new position in Travelport Worldwide during the fourth quarter valued at $129,000. Zions Bancorporation acquired a new position in Travelport Worldwide during the third quarter valued at $135,000. Teacher Retirement System of Texas acquired a new position in Travelport Worldwide during the third quarter valued at $161,000. Tocqueville Asset Management L.P. acquired a new position in Travelport Worldwide during the third quarter valued at $163,000. Finally, Jefferies Group LLC acquired a new position in Travelport Worldwide during the fourth quarter valued at $197,000. 95.71% of the stock is currently owned by institutional investors.
Travelport Worldwide Ltd (NYSE:TVPT) opened at $14.40 on Friday. The firm has a market capitalization of $1,805.96, a price-to-earnings ratio of 15.48, a P/E/G ratio of 20.13 and a beta of 0.41. Travelport Worldwide Ltd has a 52-week low of $11.38 and a 52-week high of $16.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -11.26.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.08%. Travelport Worldwide’s dividend payout ratio (DPR) is currently 26.32%.
Several research analysts recently weighed in on TVPT shares. ValuEngine lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 1st. UBS Group reissued a “neutral” rating and set a $15.00 price target (up from $14.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Morgan Stanley reissued an “equal weight” rating and set a $14.50 price target (down from $15.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Finally, Evercore ISI lowered Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Travelport Worldwide currently has a consensus rating of “Hold” and a consensus price target of $16.13.
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Travelport Worldwide Company Profile
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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