Principal Financial Group Inc. grew its position in shares of Travelport Worldwide Limited (NYSE:TVPT) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,891,186 shares of the company’s stock after buying an additional 154,117 shares during the period. Principal Financial Group Inc. owned 6.34% of Travelport Worldwide Limited worth $123,892,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Travelport Worldwide Limited by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 638,535 shares of the company’s stock valued at $8,786,000 after buying an additional 115,230 shares during the last quarter. Airain ltd lifted its position in shares of Travelport Worldwide Limited by 964.1% during the 2nd quarter. Airain ltd now owns 120,089 shares of the company’s stock valued at $1,652,000 after buying an additional 108,804 shares during the last quarter. ETRADE Capital Management LLC lifted its position in shares of Travelport Worldwide Limited by 3.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock valued at $297,000 after buying an additional 811 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Travelport Worldwide Limited during the 2nd quarter valued at $548,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Travelport Worldwide Limited during the 2nd quarter valued at $314,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.
In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.19% of the stock is owned by corporate insiders.
Shares of Travelport Worldwide Limited (NYSE TVPT) opened at $13.82 on Friday. The stock has a market capitalization of $1,743.14, a PE ratio of 15.12, a P/E/G ratio of 4.31 and a beta of 0.60. The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $16.17.
Travelport Worldwide Limited (NYSE:TVPT) last announced its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $610.84 million for the quarter, compared to analyst estimates of $611.03 million. Travelport Worldwide Limited had a negative return on equity of 42.32% and a net margin of 3.72%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. analysts expect that Travelport Worldwide Limited will post 0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.17%. Travelport Worldwide Limited’s dividend payout ratio is currently 41.67%.
A number of research analysts have recently commented on TVPT shares. ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research cut Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Cowen and Company set a $16.00 price objective on Travelport Worldwide Limited and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.88.
Travelport Worldwide Limited 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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