California Public Employees Retirement System Grows Position in Travelport Worldwide Ltd (TVPT)

California Public Employees Retirement System increased its stake in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,913 shares of the company’s stock after buying an additional 6,713 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Travelport Worldwide worth $4,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation acquired a new stake in Travelport Worldwide in the third quarter valued at about $135,000. SG Americas Securities LLC acquired a new stake in Travelport Worldwide in the second quarter valued at about $136,000. Quantum Capital Management acquired a new stake in Travelport Worldwide in the second quarter valued at about $148,000. Ameritas Investment Partners Inc. lifted its position in Travelport Worldwide by 9.2% in the second 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 period. Finally, Teacher Retirement System of Texas acquired a new stake in Travelport Worldwide in the third quarter valued at about $161,000. 92.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Travelport Worldwide Ltd (TVPT) opened at $12.86 on Friday. Travelport Worldwide Ltd 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 quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $1,610.00, a P/E ratio of 17.86, a PEG ratio of 3.82 and a beta of 0.49.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (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 analyst estimates of $611.03 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. Travelport Worldwide’s revenue was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Travelport Worldwide Ltd will post 0.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.33%. Travelport Worldwide’s payout ratio is 41.67%.

In related news, insider Matthew Minetola sold 12,000 shares of Travelport Worldwide 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 transaction, the insider now directly owns 33,402 shares in the company, valued at approximately $429,549.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Antonios Basoukeas sold 15,000 shares of Travelport Worldwide 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. 1.19% of the stock is currently owned by company insiders.

TVPT has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Evercore ISI downgraded shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Finally, Cowen set a $19.00 price target on shares of Travelport Worldwide and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Travelport Worldwide presently has an average rating of “Hold” and an average price target of $15.88.

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Travelport Worldwide 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).

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

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