Principal Financial Group Inc. grew its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 190.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,737,069 shares of the company’s stock after acquiring an additional 5,068,775 shares during the quarter. Principal Financial Group Inc. owned about 6.22% of Travelport Worldwide Limited worth $106,462,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Travelport Worldwide Limited by 52,255.3% in the 1st quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after purchasing an additional 7,924,521 shares during the period. New South Capital Management Inc. lifted its stake in shares of Travelport Worldwide Limited by 159.9% in the 2nd quarter. New South Capital Management Inc. now owns 5,786,575 shares of the company’s stock worth $79,623,000 after purchasing an additional 3,560,151 shares during the period. Nomura Holdings Inc. bought a new position in shares of Travelport Worldwide Limited in the 1st quarter worth approximately $32,124,000. Lucha Capital Management LP bought a new position in shares of Travelport Worldwide Limited in the 1st quarter worth approximately $10,750,000. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Travelport Worldwide Limited in the 2nd quarter worth approximately $10,517,000. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on TVPT shares. ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Cowen and Company set a $16.00 price objective on shares of Travelport Worldwide Limited and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Travelport Worldwide Limited has a consensus rating of “Buy” and a consensus price target of $15.38.
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Travelport Worldwide Limited (TVPT) traded up 0.26% during midday trading on Friday, reaching $15.56. 1,341,969 shares of the company’s stock were exchanged. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.86. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.61 and a beta of 0.60. The firm’s 50 day moving average is $14.69 and its 200 day moving average is $13.51.
Travelport Worldwide Limited (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The company had revenue of $612.10 million during the quarter, compared to the consensus estimate of $618.27 million. During the same period in the previous year, the company posted $0.28 earnings per share. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Travelport Worldwide Limited will post $1.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, September 6th. Travelport Worldwide Limited’s payout ratio is presently 35.29%.
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).
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