UBS Group AG lifted its holdings in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 669.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,017 shares of the company’s stock after buying an additional 385,471 shares during the quarter. UBS Group AG’s holdings in Travelport Worldwide were worth $7,238,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Flinton Capital Management LLC purchased a new stake in shares of Travelport Worldwide during the 1st quarter valued at approximately $101,000. Meadow Creek Investment Management LLC purchased a new stake in Travelport Worldwide in the 1st quarter worth approximately $139,000. Riverhead Capital Management LLC purchased a new stake in Travelport Worldwide in the 1st quarter worth approximately $159,000. Franklin Resources Inc. purchased a new stake in Travelport Worldwide in the 1st quarter worth approximately $172,000. Finally, Quantum Capital Management purchased a new stake in Travelport Worldwide in the 1st quarter worth approximately $177,000. Institutional investors own 98.27% of the company’s stock.
Several analysts have issued reports on the stock. Deutsche Bank increased their target price on shares of Travelport Worldwide from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Imperial Capital set a $22.00 target price on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Friday, May 4th. Bank of America cut shares of Travelport Worldwide from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 15th. They noted that the move was a valuation call. Cowen set a $19.00 target price on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Monday, March 26th. Finally, ValuEngine upgraded shares of Travelport Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Travelport Worldwide presently has a consensus rating of “Hold” and an average price target of $19.17.
In other news, insider Matthew Minetola sold 6,684 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $17.15, for a total value of $114,630.60. Following the transaction, the insider now owns 37,890 shares of the company’s stock, valued at approximately $649,813.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.32% of the stock is owned by corporate insiders.
Travelport Worldwide opened at $19.56 on Tuesday, according to Marketbeat. Travelport Worldwide Ltd has a 1 year low of $12.10 and a 1 year high of $19.57. The company has a debt-to-equity ratio of -17.08, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.81 and a beta of 0.25.
Travelport Worldwide (NYSE:TVPT) last posted its earnings results on Thursday, May 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The business had revenue of $677.84 million for the quarter, compared to analysts’ expectations of $667.04 million. Travelport Worldwide had a net margin of 5.87% and a negative return on equity of 45.82%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. research analysts forecast that Travelport Worldwide Ltd will post 0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 21st. Stockholders of record on Thursday, June 7th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Wednesday, June 6th. Travelport Worldwide’s payout ratio is 31.91%.
Travelport Worldwide 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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