117,010 Shares in Travelport Worldwide Ltd (TVPT) Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in Travelport Worldwide Ltd (NYSE:TVPT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 117,010 shares of the company’s stock, valued at approximately $1,529,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royce & Associates LP lifted its position in shares of Travelport Worldwide by 2.0% in the 4th quarter. Royce & Associates LP now owns 250,000 shares of the company’s stock worth $3,268,000 after purchasing an additional 5,000 shares during the period. Swiss National Bank lifted its position in shares of Travelport Worldwide by 2.7% in the 4th quarter. Swiss National Bank now owns 209,300 shares of the company’s stock worth $2,736,000 after purchasing an additional 5,600 shares during the period. American International Group Inc. lifted its position in Travelport Worldwide by 8.1% during the third quarter. American International Group Inc. now owns 83,260 shares of the company’s stock valued at $1,307,000 after acquiring an additional 6,225 shares during the last quarter. California Public Employees Retirement System lifted its position in Travelport Worldwide by 2.7% during the third quarter. California Public Employees Retirement System now owns 255,913 shares of the company’s stock valued at $4,018,000 after acquiring an additional 6,713 shares during the last quarter. Finally, Strs Ohio lifted its position in Travelport Worldwide by 10.2% during the fourth quarter. Strs Ohio now owns 80,700 shares of the company’s stock valued at $1,054,000 after acquiring an additional 7,500 shares during the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts recently commented on TVPT shares. Morgan Stanley reissued an “equal weight” rating and set a $14.50 target price (down previously from $15.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of Travelport Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. UBS reissued a “neutral” rating and set a $15.00 target price (up previously from $14.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Finally, Evercore ISI cut shares of 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.13.

In related news, CEO Gordon A. Wilson purchased 6,900 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was acquired at an average price of $14.42 per share, with a total value of $99,498.00. Following the completion of the acquisition, the chief executive officer now owns 19,224 shares in the company, valued at approximately $277,210.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.19% of the company’s stock.

Shares of Travelport Worldwide stock opened at $14.35 on Friday. Travelport Worldwide Ltd has a 52-week low of $11.38 and a 52-week high of $16.17. The company has a debt-to-equity ratio of -11.26, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $1,794.68, a P/E ratio of 12.59 and a beta of 0.41.

Travelport Worldwide (NYSE:TVPT) last posted its earnings results on Tuesday, February 20th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.34. The company had revenue of $573.57 million during the quarter, compared to analysts’ expectations of $566.92 million. Travelport Worldwide had a net margin of 5.82% and a negative return on equity of 49.43%. Travelport Worldwide’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. equities analysts forecast that Travelport Worldwide Ltd will post 0.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.09%. Travelport Worldwide’s dividend payout ratio is currently 26.32%.

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About Travelport Worldwide

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

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