Water Island Capital LLC boosted its stake in Travelport Worldwide Ltd (NYSE:TVPT) by 188.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,778,991 shares of the company’s stock after buying an additional 1,162,189 shares during the quarter. Travelport Worldwide makes up about 2.1% of Water Island Capital LLC’s investment portfolio, making the stock its 17th largest position. Water Island Capital LLC owned 1.41% of Travelport Worldwide worth $27,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in Travelport Worldwide by 253.0% in the 3rd quarter. Bessemer Group Inc. now owns 415,531 shares of the company’s stock valued at $7,010,000 after purchasing an additional 297,831 shares during the last quarter. Stevens Capital Management LP raised its position in Travelport Worldwide by 145.8% in the 3rd quarter. Stevens Capital Management LP now owns 37,143 shares of the company’s stock valued at $627,000 after purchasing an additional 22,031 shares during the last quarter. Vanguard Group Inc raised its position in Travelport Worldwide by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 4,532,299 shares of the company’s stock valued at $76,460,000 after purchasing an additional 359,725 shares during the last quarter. Acadian Asset Management LLC raised its position in Travelport Worldwide by 69.1% in the 3rd quarter. Acadian Asset Management LLC now owns 501,874 shares of the company’s stock valued at $8,468,000 after purchasing an additional 205,090 shares during the last quarter. Finally, BlackRock Inc. raised its position in Travelport Worldwide by 3.9% in the 3rd quarter. BlackRock Inc. now owns 17,981,946 shares of the company’s stock valued at $303,355,000 after purchasing an additional 666,943 shares during the last quarter. 95.72% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on TVPT shares. Morgan Stanley set a $16.00 target price on Travelport Worldwide and gave the stock a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Imperial Capital dropped their target price on Travelport Worldwide from $20.00 to $15.75 and set an “in-line” rating for the company in a research report on Tuesday, December 11th. Finally, ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Travelport Worldwide presently has an average rating of “Hold” and a consensus price target of $18.95.
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Travelport Worldwide Company Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.
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