California State Teachers Retirement System Has $3.12 Million Stake in Travelport Worldwide Ltd (TVPT)

California State Teachers Retirement System cut its position in Travelport Worldwide Ltd (NYSE:TVPT) by 9.6% in the third quarter, HoldingsChannel reports. The firm owned 198,777 shares of the company’s stock after selling 21,194 shares during the quarter. California State Teachers Retirement System’s holdings in Travelport Worldwide were worth $3,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. ETRADE Capital Management LLC boosted its position in shares of Travelport Worldwide by 3.9% during the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after acquiring an additional 811 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Travelport Worldwide by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after acquiring an additional 918 shares during the last quarter. Amalgamated Bank boosted its position in shares of Travelport Worldwide by 9.9% during the second quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock worth $216,000 after acquiring an additional 1,411 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Travelport Worldwide by 84.4% during the third quarter. Meeder Asset Management Inc. now owns 12,370 shares of the company’s stock worth $194,000 after acquiring an additional 5,660 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of Travelport Worldwide by 8.1% during the third quarter. American International Group Inc. now owns 83,260 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,225 shares during the last quarter. 92.25% of the stock is owned by hedge funds and other institutional investors.

In other Travelport Worldwide news, insider Antonios Basoukeas sold 15,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $14.50, for a total transaction of $217,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Minetola sold 12,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total transaction of $154,320.00. Following the transaction, the insider now owns 33,402 shares of the company’s stock, valued at approximately $429,549.72. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

Travelport Worldwide Ltd (NYSE:TVPT) opened at $13.05 on Thursday. 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 company has a market cap of $1,640.00, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.82 and a beta of 0.49.

Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The business had revenue of $610.84 million for the quarter, compared to the consensus estimate of $611.03 million. During the same quarter last year, the business earned $0.33 EPS. Travelport Worldwide’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts forecast that Travelport Worldwide Ltd will post 0.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders 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 annualized dividend and a yield of 2.30%. Travelport Worldwide’s dividend payout ratio (DPR) is currently 41.67%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Travelport Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Evercore ISI lowered 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 target price on shares of Travelport Worldwide and gave the stock 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 issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.88.

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

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