Travelport Worldwide Limited (TVPT) Downgraded to Hold at ValuEngine

ValuEngine lowered shares of Travelport Worldwide Limited (NYSE:TVPT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research firms also recently issued reports on TVPT. Cowen and Company set a $19.00 price objective on Travelport Worldwide Limited and gave the company a buy rating in a report on Wednesday, November 1st. BidaskClub downgraded Travelport Worldwide Limited from a buy rating to a hold rating in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Travelport Worldwide Limited from a buy rating to a hold rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Travelport Worldwide Limited presently has a consensus rating of Hold and an average target price of $15.88.

Travelport Worldwide Limited (NYSE TVPT) traded down $0.09 during trading hours on Thursday, reaching $13.82. The company’s stock had a trading volume of 974,100 shares, compared to its average volume of 1,214,182. 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 current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $1,700.00, a P/E ratio of 15.02, a P/E/G ratio of 4.28 and a beta of 0.60.

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

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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 issued 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 2.17%. Travelport Worldwide Limited’s dividend payout ratio is presently 41.67%.

In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.19% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. increased its holdings in Travelport Worldwide Limited by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 638,535 shares of the company’s stock worth $8,786,000 after purchasing an additional 115,230 shares during the period. Airain ltd increased its holdings in Travelport Worldwide Limited by 964.1% during the 2nd quarter. Airain ltd now owns 120,089 shares of the company’s stock worth $1,652,000 after purchasing an additional 108,804 shares during the period. ETRADE Capital Management LLC increased its holdings in Travelport Worldwide Limited by 3.9% during the 2nd 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. Koch Industries Inc. purchased a new stake in Travelport Worldwide Limited during the 2nd quarter worth about $548,000. Finally, Dupont Capital Management Corp purchased a new stake in Travelport Worldwide Limited during the 2nd quarter worth about $314,000. Institutional investors own 92.65% of the company’s stock.

About Travelport Worldwide Limited

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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