Amundi Pioneer Asset Management Inc. bought a new stake in Travelport Worldwide Ltd (NYSE:TVPT) during the fourth quarter, Holdings Channel reports. The firm bought 217,142 shares of the company’s stock, valued at approximately $2,838,000.
Several other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of Travelport Worldwide by 2.0% during the fourth quarter. Royce & Associates LP now owns 250,000 shares of the company’s stock valued at $3,268,000 after purchasing an additional 5,000 shares in the last quarter. Swiss National Bank boosted its stake in shares of Travelport Worldwide by 2.7% during the fourth quarter. Swiss National Bank now owns 209,300 shares of the company’s stock valued at $2,736,000 after purchasing an additional 5,600 shares in the last quarter. American International Group Inc. boosted its stake in shares of 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 purchasing an additional 6,225 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of 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 purchasing an additional 6,713 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of 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 purchasing an additional 7,500 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Zacks Investment Research lowered Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 1st. UBS reaffirmed a “neutral” rating and issued a $15.00 price objective (up from $14.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.50 price objective (down from $15.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Evercore ISI lowered Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, ValuEngine lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.13.
Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. The company had revenue of $573.57 million for the quarter, compared to analyst estimates of $566.92 million. Travelport Worldwide had a negative return on equity of 49.43% and a net margin of 5.82%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. analysts predict that Travelport Worldwide Ltd will post 0.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Wednesday, February 28th. Travelport Worldwide’s dividend payout ratio is currently 26.32%.
In related news, CEO Gordon A. Wilson acquired 6,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were bought at an average cost of $14.42 per share, with a total value of $99,498.00. Following the completion of the purchase, the chief executive officer now directly owns 19,224 shares in the company, valued at $277,210.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.19% of the stock is owned by insiders.
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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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