Travelport (TVPT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of Travelport (NYSE:TVPT) by 11.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,283,064 shares of the company’s stock after selling 171,632 shares during the quarter. American Century Companies Inc. owned approximately 1.02% of Travelport worth $20,965,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TVPT. Bank of Montreal Can increased its position in Travelport by 6.3% during the 4th quarter. Bank of Montreal Can now owns 514,250 shares of the company’s stock worth $6,721,000 after purchasing an additional 30,585 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Travelport by 9.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,187,209 shares of the company’s stock valued at $15,517,000 after acquiring an additional 100,128 shares during the period. Fox Run Management L.L.C. acquired a new position in Travelport in the 4th quarter valued at approximately $450,000. Bowling Portfolio Management LLC increased its position in Travelport by 80.5% in the 4th quarter. Bowling Portfolio Management LLC now owns 134,853 shares of the company’s stock valued at $1,763,000 after acquiring an additional 60,147 shares during the period. Finally, Strs Ohio increased its position in Travelport by 10.2% in the 4th quarter. Strs Ohio now owns 80,700 shares of the company’s stock valued at $1,054,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

TVPT has been the subject of several recent research reports. Morgan Stanley restated an “equal weight” rating and issued a $14.50 price target (down from $15.00) on shares of Travelport in a research report on Wednesday, February 21st. UBS restated a “neutral” rating and issued a $15.00 price target (up from $14.00) on shares of Travelport in a research report on Wednesday, February 21st. Zacks Investment Research cut shares of Travelport from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. ValuEngine cut shares of Travelport from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Cowen set a $19.00 price objective on shares of Travelport and gave the stock a “buy” rating in a research report on Monday, March 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Travelport currently has an average rating of “Hold” and an average price target of $18.50.

In related news, insider Matthew Minetola sold 6,684 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $17.15, for a total transaction of $114,630.60. Following the transaction, the insider now directly owns 37,890 shares of the company’s stock, valued at $649,813.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas M. Steenland sold 128,000 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $16.30, for a total transaction of $2,086,400.00. Following the transaction, the director now directly owns 107,677 shares in the company, valued at $1,755,135.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,684 shares of company stock valued at $5,316,551. 1.32% of the stock is currently owned by corporate insiders.

TVPT opened at $17.17 on Friday. Travelport has a twelve month low of $17.08 and a twelve month high of $17.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of -17.08. The firm has a market cap of $2.15 billion, a PE ratio of 18.27 and a beta of 0.25.

Travelport (NYSE:TVPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.34. Travelport had a net margin of 5.87% and a negative return on equity of 45.82%. The company had revenue of $573.57 million during the quarter, compared to analysts’ expectations of $566.92 million. During the same period in the prior year, the company posted $0.23 earnings per share. Travelport’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts anticipate that Travelport will post 0.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, June 7th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, June 6th. Travelport’s dividend payout ratio (DPR) is presently 31.91%.

Travelport Profile

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.

Institutional Ownership by Quarter for Travelport (NYSE:TVPT)

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