Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 128.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,943 shares of the company’s stock after buying an additional 7,837 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Travelport Worldwide were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in TVPT. Credit Suisse AG grew its position in shares of Travelport Worldwide by 31.5% during the first quarter. Credit Suisse AG now owns 178,913 shares of the company’s stock worth $2,106,000 after buying an additional 42,885 shares in the last quarter. Strs Ohio boosted its holdings in Travelport Worldwide by 41.2% in the second quarter. Strs Ohio now owns 78,200 shares of the company’s stock worth $1,076,000 after purchasing an additional 22,800 shares during the period. Bessemer Group Inc. boosted its holdings in Travelport Worldwide by 8.2% in the second quarter. Bessemer Group Inc. now owns 152,820 shares of the company’s stock worth $2,103,000 after purchasing an additional 11,620 shares during the period. Sei Investments Co. boosted its holdings in Travelport Worldwide by 47.5% in the second quarter. Sei Investments Co. now owns 31,005 shares of the company’s stock worth $427,000 after purchasing an additional 9,982 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Travelport Worldwide by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,078,520 shares of the company’s stock worth $14,841,000 after purchasing an additional 67,154 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.
Travelport Worldwide Ltd (NYSE:TVPT) traded down $0.07 during mid-day trading on Thursday, reaching $12.94. The company’s stock had a trading volume of 1,638,600 shares, compared to its average volume of 1,208,923. 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 company has a market capitalization of $1,639.13, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.05 and a beta of 0.49. Travelport Worldwide Ltd has a 12 month low of $11.38 and a 12 month high of $16.17.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, December 6th. Travelport Worldwide’s payout ratio is 41.67%.
A number of research firms have commented on TVPT. BidaskClub downgraded shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, Cowen set a $19.00 price objective on shares of Travelport Worldwide and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.88.
In other Travelport Worldwide news, insider Antonios Basoukeas sold 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.19% of the company’s stock.
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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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