Renaissance Group LLC increased its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,279 shares of the company’s stock after buying an additional 3,116 shares during the period. Renaissance Group LLC’s holdings in Travelport Worldwide Limited were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its stake in Travelport Worldwide Limited by 2.0% in the first quarter. Sei Investments Co. now owns 21,023 shares of the company’s stock valued at $248,000 after buying an additional 405 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Travelport Worldwide Limited by 3.4% in the first quarter. Eqis Capital Management Inc. now owns 14,982 shares of the company’s stock valued at $176,000 after buying an additional 494 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its stake in Travelport Worldwide Limited by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 68,900 shares of the company’s stock valued at $811,000 after buying an additional 1,900 shares in the last quarter. Bank of Montreal Can raised its stake in Travelport Worldwide Limited by 0.7% in the first quarter. Bank of Montreal Can now owns 401,126 shares of the company’s stock valued at $4,721,000 after buying an additional 2,626 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Travelport Worldwide Limited by 1.1% in the first quarter. California Public Employees Retirement System now owns 258,000 shares of the company’s stock valued at $3,037,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 96.24% of the company’s stock.

Shares of Travelport Worldwide Limited (NYSE:TVPT) opened at 14.92 on Thursday. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.15. The firm’s 50-day moving average is $14.22 and its 200-day moving average is $13.35. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 17.85 and a beta of 0.61.

Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.26. The firm had revenue of $612.10 million during the quarter, compared to analyst estimates of $618.27 million. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts predict 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. Stockholders of record on Thursday, September 7th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, September 6th. Travelport Worldwide Limited’s payout ratio is 35.29%.

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Several analysts have recently weighed in on the stock. Cowen and Company reiterated an “outperform” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Travelport Worldwide Limited in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Travelport Worldwide Limited has a consensus rating of “Buy” and an average price target of $15.38.

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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Institutional Ownership by Quarter for Travelport Worldwide Limited (NYSE:TVPT)

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