Thrivent Financial For Lutherans grew its stake in Travelport Worldwide Ltd (NYSE:TVPT) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 867,203 shares of the company’s stock after acquiring an additional 65,032 shares during the quarter. Thrivent Financial For Lutherans owned about 0.69% of Travelport Worldwide worth $11,334,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Travelport Worldwide by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock worth $68,286,000 after acquiring an additional 1,806,531 shares during the period. Renaissance Technologies LLC increased its stake in shares of Travelport Worldwide by 46.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,588,300 shares of the company’s stock valued at $33,829,000 after buying an additional 824,200 shares during the period. American Century Companies Inc. increased its stake in shares of Travelport Worldwide by 114.4% in the third quarter. American Century Companies Inc. now owns 1,369,132 shares of the company’s stock valued at $21,495,000 after buying an additional 730,597 shares during the period. Dean Investment Associates LLC acquired a new position in shares of Travelport Worldwide in the third quarter valued at approximately $7,119,000. Finally, Simcoe Capital Management LLC acquired a new position in shares of Travelport Worldwide in the fourth quarter valued at approximately $5,575,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
Shares of Travelport Worldwide Ltd (NYSE:TVPT) traded down $0.01 during trading on Tuesday, hitting $14.46. The stock had a trading volume of 495,818 shares, compared to its average volume of 2,339,979. Travelport Worldwide Ltd has a 1 year low of $11.38 and a 1 year high of $16.17. The stock has a market cap of $1,824.78, a price-to-earnings ratio of 15.65 and a beta of 0.41. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -11.26.
Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Tuesday, February 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.34. The firm had revenue of $573.57 million during 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 business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. 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 given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, February 28th. Travelport Worldwide’s payout ratio is 26.32%.
TVPT has been the subject of a number of analyst reports. Zacks Investment Research raised Travelport Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 6th. Evercore ISI lowered Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.50 target price (down from $15.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. UBS reaffirmed a “neutral” rating and set a $15.00 target price (up from $14.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Finally, ValuEngine lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.13.
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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