Travelport Worldwide Limited (TVPT) Shares Bought by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd raised its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 74.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,051 shares of the company’s stock after acquiring an additional 9,807 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Travelport Worldwide were worth $362,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Travelport Worldwide in the 2nd quarter worth about $136,000. Teacher Retirement System of Texas bought a new position in shares of Travelport Worldwide in the 3rd quarter worth about $161,000. Tocqueville Asset Management L.P. bought a new position in shares of Travelport Worldwide in the 3rd quarter worth about $163,000. Quantum Capital Management bought a new position in shares of Travelport Worldwide in the 2nd quarter worth about $148,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Travelport Worldwide by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after buying an additional 918 shares during the last quarter. Institutional investors own 92.38% of the company’s stock.
A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, Cowen set a $19.00 price objective on shares of Travelport Worldwide and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.88.
Shares of Travelport Worldwide Limited (NYSE:TVPT) traded down $0.22 during trading hours on Friday, reaching $13.17. 1,757,649 shares of the company traded hands, compared to its average volume of 1,118,271. The company has a market cap of $1,677.98, a P/E ratio of 14.55, a PEG ratio of 4.15 and a beta of 0.50. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-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.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $610.84 million for the quarter, compared to the consensus estimate of $611.03 million. Travelport Worldwide had a net margin of 3.72% and a negative return on equity of 42.32%. Travelport Worldwide’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. sell-side analysts anticipate that Travelport Worldwide Limited will post 0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a $0.075 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.30 annualized dividend and a yield of 2.28%. Travelport Worldwide’s dividend payout ratio is presently 41.67%.
Travelport Worldwide 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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