Susquehanna International Group LLP Has $4.10 Million Position in Travelport Worldwide Ltd (TVPT)
Susquehanna International Group LLP increased its stake in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 53.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,792 shares of the company’s stock after buying an additional 90,820 shares during the quarter. Susquehanna International Group LLP owned 0.21% of Travelport Worldwide worth $4,095,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation bought a new position in Travelport Worldwide in the 3rd quarter valued at $135,000. SG Americas Securities LLC bought a new position in Travelport Worldwide in the 2nd quarter valued at $136,000. Quantum Capital Management bought a new position in Travelport Worldwide in the 2nd quarter valued at $148,000. Ameritas Investment Partners Inc. raised its position in Travelport Worldwide by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock valued at $150,000 after purchasing an additional 918 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Travelport Worldwide in the 3rd quarter valued at $161,000. Institutional investors and hedge funds own 92.35% of the company’s stock.
Travelport Worldwide Ltd (NYSE TVPT) traded up $0.06 during midday trading on Friday, hitting $13.12. The stock had a trading volume of 2,420,900 shares, compared to its average volume of 1,213,594. The firm has a market cap of $1,636.63, a PE ratio of 14.20, a P/E/G ratio of 4.05 and a beta of 0.49. Travelport Worldwide Ltd has a one year low of $11.38 and a one year high of $16.17. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81.
Travelport Worldwide (NYSE:TVPT) last released its earnings results on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $610.84 million during the quarter, compared to analysts’ expectations of $611.03 million. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. equities research analysts forecast that Travelport Worldwide Ltd will post 0.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.29%. Travelport Worldwide’s dividend payout ratio (DPR) is currently 41.67%.
In related news, insider Matthew Minetola sold 12,000 shares of Travelport Worldwide stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $12.86, for a total transaction of $154,320.00. Following the completion of the sale, the insider now directly owns 33,402 shares of the company’s stock, valued at $429,549.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Antonios Basoukeas sold 15,000 shares of Travelport Worldwide 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 disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.
Several brokerages have issued reports on TVPT. BidaskClub downgraded Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, Cowen set a $19.00 target price on Travelport Worldwide and gave the company a “buy” rating in a research note on Wednesday, November 1st. Two equities research 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. Travelport Worldwide has a consensus rating of “Hold” and a consensus price target of $15.88.
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Travelport Worldwide 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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