Cambiar Investors LLC Has $18.47 Million Stake in Travelport Worldwide Limited (TVPT)
Cambiar Investors LLC lessened its position in Travelport Worldwide Limited (NYSE:TVPT) by 23.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,176,192 shares of the company’s stock after selling 365,761 shares during the quarter. Cambiar Investors LLC owned 0.94% of Travelport Worldwide Limited worth $18,466,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC lifted its holdings in shares of Travelport Worldwide Limited by 3.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after acquiring an additional 811 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Travelport Worldwide Limited by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock valued at $150,000 after buying an additional 918 shares in the last quarter. Amalgamated Bank lifted its holdings in Travelport Worldwide Limited by 9.9% during the 2nd quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock valued at $216,000 after buying an additional 1,411 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Travelport Worldwide Limited by 1.1% during the 1st 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. Finally, Renaissance Group LLC lifted its holdings in Travelport Worldwide Limited by 12.4% during the 2nd quarter. Renaissance Group LLC now owns 28,279 shares of the company’s stock valued at $389,000 after buying an additional 3,116 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
Travelport Worldwide Limited (NYSE TVPT) traded down $0.09 during trading hours on Monday, hitting $13.82. 974,100 shares of the stock traded hands, compared to its average volume of 1,214,182. Travelport Worldwide Limited has a twelve month low of $11.38 and a twelve month high of $16.17. The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $1,700.00, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.28 and a beta of 0.60.
Travelport Worldwide Limited (NYSE:TVPT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. Travelport Worldwide Limited had a net margin of 3.72% and a negative return on equity of 42.32%. The business had revenue of $610.84 million during the quarter, compared to analyst estimates of $611.03 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts expect that Travelport Worldwide Limited will post 0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.17%. Travelport Worldwide Limited’s dividend payout ratio is currently 41.67%.
In other news, insider Antonios Basoukeas sold 15,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $14.50, for a total value of $217,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.19% of the company’s stock.
TVPT has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research lowered shares of 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 shares of Travelport Worldwide Limited and gave the company a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.88.
Travelport Worldwide Limited 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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