Travelport Worldwide Limited (TVPT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,408,354 shares of the company’s stock after buying an additional 236,276 shares during the period. Vanguard Group Inc. owned 4.35% of Travelport Worldwide Limited worth $74,419,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in Travelport Worldwide Limited by 9.9% in the 2nd quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock valued at $216,000 after purchasing an additional 1,411 shares during the period. California Public Employees Retirement System boosted its holdings in Travelport Worldwide Limited by 1.1% in the 1st quarter. California Public Employees Retirement System now owns 258,000 shares of the company’s stock valued at $3,037,000 after purchasing an additional 2,800 shares during the period. Renaissance Group LLC boosted its holdings in Travelport Worldwide Limited by 12.4% in the 2nd quarter. Renaissance Group LLC now owns 28,279 shares of the company’s stock valued at $389,000 after purchasing an additional 3,116 shares during the period. American International Group Inc. boosted its holdings in Travelport Worldwide Limited by 5.2% in the 1st quarter. American International Group Inc. now owns 69,953 shares of the company’s stock valued at $823,000 after purchasing an additional 3,481 shares during the period. Finally, Royce & Associates LP boosted its holdings in Travelport Worldwide Limited by 1.7% in the 2nd quarter. Royce & Associates LP now owns 270,000 shares of the company’s stock valued at $3,715,000 after purchasing an additional 4,500 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Travelport Worldwide Limited (NYSE:TVPT) opened at 15.29 on Tuesday. The stock has a 50 day moving average of $15.60 and a 200 day moving average of $14.34. The firm has a market capitalization of $1.90 billion, a PE ratio of 18.29 and a beta of 0.61. Travelport Worldwide Limited has a 12 month low of $11.38 and a 12 month high of $16.17.

Travelport Worldwide Limited (NYSE:TVPT) last issued its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.26. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The firm had revenue of $612.10 million during the quarter, compared to analyst estimates of $618.27 million. During the same quarter last year, the business earned $0.28 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that Travelport Worldwide Limited will post $1.37 earnings per share for the current fiscal year.

A number of analysts have issued reports on TVPT shares. Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, August 10th. BidaskClub downgraded shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Cowen and Company reissued an “outperform” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Travelport Worldwide Limited in a report on Wednesday, August 9th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.38.

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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).

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

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