Cipher Capital LP cut its stake in Travelport Worldwide Limited (NYSE:TVPT) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 488,966 shares of the company’s stock after selling 19,607 shares during the quarter. Travelport Worldwide Limited accounts for about 0.6% of Cipher Capital LP’s portfolio, making the stock its 19th biggest position. Cipher Capital LP owned approximately 0.39% of Travelport Worldwide Limited worth $7,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of TVPT. Parametric Portfolio Associates LLC increased its position in shares of Travelport Worldwide Limited by 32.8% during the first quarter. Parametric Portfolio Associates LLC now owns 113,052 shares of the company’s stock valued at $1,331,000 after acquiring an additional 27,919 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Travelport Worldwide Limited by 1.1% during the first quarter. California Public Employees Retirement System now owns 258,000 shares of the company’s stock valued at $3,037,000 after acquiring an additional 2,800 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Travelport Worldwide Limited by 14.8% during the first quarter. Vanguard Group Inc. now owns 5,172,078 shares of the company’s stock valued at $60,876,000 after acquiring an additional 668,517 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Travelport Worldwide Limited by 13.5% during the first quarter. Geode Capital Management LLC now owns 1,069,743 shares of the company’s stock valued at $12,589,000 after acquiring an additional 126,940 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Travelport Worldwide Limited by 16.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,160,487 shares of the company’s stock valued at $25,429,000 after acquiring an additional 304,043 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on TVPT. BidaskClub downgraded Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 21st. Cowen and Company reaffirmed 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. Zacks Investment Research downgraded Travelport Worldwide Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, ValuEngine downgraded Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.88.

Travelport Worldwide Limited (NYSE TVPT) traded up $0.14 during trading hours on Friday, reaching $13.39. The company’s stock had a trading volume of 1,176,500 shares, compared to its average volume of 1,218,900. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -9.42. Travelport Worldwide Limited has a twelve month low of $11.38 and a twelve month high of $16.17. The stock has a market capitalization of $1,670.00, a P/E ratio of 14.40, a P/E/G ratio of 4.11 and a beta of 0.60.

Travelport Worldwide Limited (NYSE:TVPT) last released its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. Travelport Worldwide Limited had a negative return on equity of 42.32% and a net margin of 3.72%. The business had revenue of $610.84 million during the quarter, compared to the consensus estimate of $611.03 million. During the same period last year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts forecast that Travelport Worldwide Limited will post 0.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, December 6th. Travelport Worldwide Limited’s dividend payout ratio is currently 41.67%.

In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.19% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cipher Capital LP Has $7.68 Million Stake in Travelport Worldwide Limited (TVPT)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://theolympiareport.com/2017/11/17/cipher-capital-lp-has-7-68-million-stake-in-travelport-worldwide-limited-tvpt.html.

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).

Want to see what other hedge funds are holding TVPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelport Worldwide Limited (NYSE:TVPT).

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

Receive News & Ratings for Travelport Worldwide Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.