Travelport Worldwide Limited (TVPT) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA increased its position in Travelport Worldwide Limited (NYSE:TVPT) by 39.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,702 shares of the company’s stock after buying an additional 315,633 shares during the period. Federated Investors Inc. PA owned approximately 0.90% of Travelport Worldwide Limited worth $15,324,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of Travelport Worldwide Limited during the first quarter worth $117,000. SG Americas Securities LLC bought a new position in shares of Travelport Worldwide Limited during the second quarter worth $136,000. LSV Asset Management bought a new position in shares of Travelport Worldwide Limited during the first quarter worth $147,000. Oppenheimer Asset Management Inc. bought a new position in shares of Travelport Worldwide Limited during the first quarter worth $149,000. Finally, Eqis Capital Management Inc. raised its position in shares of Travelport Worldwide Limited by 3.4% in the first quarter. Eqis Capital Management Inc. now owns 14,982 shares of the company’s stock worth $176,000 after buying an additional 494 shares during the last quarter.
Shares of Travelport Worldwide Limited (NYSE:TVPT) opened at 14.80 on Friday. Travelport Worldwide Limited has a 12 month low of $11.38 and a 12 month 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 capitalization of $1.84 billion, a PE ratio of 17.70 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.26. The firm had revenue of $612.10 million for the quarter, compared to the consensus estimate of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts predict that Travelport Worldwide Limited will post $1.37 EPS 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 issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, September 6th. Travelport Worldwide Limited’s payout ratio is presently 35.29%.
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Several brokerages have commented on TVPT. BidaskClub raised shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and set a $17.00 price target (up from $16.00) on shares of Travelport Worldwide Limited in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.38.
Travelport Worldwide Limited 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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