Travelport Worldwide (TVPT) Shares Up 6.5%

Travelport Worldwide Ltd (NYSE:TVPT)’s share price shot up 6.5% on Monday . The company traded as high as $14.21 and last traded at $13.70. 10,512,500 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 2,600,278 shares. The stock had previously closed at $12.86.

A number of brokerages have recently weighed in on TVPT. BidaskClub downgraded Travelport Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research downgraded Travelport Worldwide from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Cowen set a $19.00 target price on Travelport Worldwide and gave the company a “buy” rating in a report on Wednesday, November 1st. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Evercore ISI downgraded Travelport Worldwide from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Travelport Worldwide has a consensus rating of “Hold” and a consensus price target of $15.88.

The firm has a market capitalization of $1,720.00, a price-to-earnings ratio of 19.03, a P/E/G ratio of 4.14 and a beta of 0.49. 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 (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The firm had revenue of $610.84 million for the quarter, compared to the consensus estimate of $611.03 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. analysts forecast that Travelport Worldwide Ltd will post 0.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Thursday, December 7th were issued a $0.075 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. Travelport Worldwide’s dividend payout ratio is currently 41.67%.

In other Travelport Worldwide news, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction that occurred 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 owns 33,402 shares of the company’s stock, valued at $429,549.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 1.19% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. ETRADE Capital Management LLC boosted its position in Travelport Worldwide by 3.9% during the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after purchasing an additional 811 shares during the period. Ameritas Investment Partners Inc. boosted its position in Travelport Worldwide by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after purchasing an additional 918 shares during the period. Amalgamated Bank boosted its position in Travelport Worldwide by 9.9% during the second quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock worth $216,000 after purchasing an additional 1,411 shares during the period. Meeder Asset Management Inc. boosted its position in Travelport Worldwide by 84.4% during the third quarter. Meeder Asset Management Inc. now owns 12,370 shares of the company’s stock worth $194,000 after purchasing an additional 5,660 shares during the period. Finally, American International Group Inc. boosted its position in Travelport Worldwide by 8.1% during the third quarter. American International Group Inc. now owns 83,260 shares of the company’s stock worth $1,307,000 after purchasing an additional 6,225 shares during the period. 92.25% of the stock is owned by hedge funds and other institutional investors.

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About Travelport Worldwide

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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