Investors Buy Travelport Worldwide (TVPT) on Weakness

Traders purchased shares of Travelport Worldwide Ltd (NYSE:TVPT) on weakness during trading hours on Tuesday. $191.01 million flowed into the stock on the tick-up and $15.97 million flowed out of the stock on the tick-down, for a money net flow of $175.04 million into the stock. Of all equities tracked, Travelport Worldwide had the 4th highest net in-flow for the day. Travelport Worldwide traded down ($0.05) for the day and closed at $13.65

Several equities research analysts recently commented on TVPT shares. BidaskClub cut Travelport Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research cut Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Cowen set a $19.00 target price on Travelport Worldwide and gave the stock a “buy” rating in a report on Wednesday, November 1st. ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Evercore ISI cut Travelport Worldwide from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. 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. The company currently has a consensus rating of “Hold” and a consensus price target of $15.88.

The stock has a market cap of $1,740.00, a price-to-earnings ratio of 18.96, a PEG ratio of 4.14 and a beta of 0.49. The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81.

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 Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $610.84 million for the quarter, compared to analysts’ expectations of $611.03 million. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. analysts expect that Travelport Worldwide Ltd will post 0.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.20%. Travelport Worldwide’s dividend payout ratio is currently 41.67%.

In other Travelport Worldwide news, insider Antonios Basoukeas sold 15,000 shares of the company’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 accessible through this link. Also, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total value 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 disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TVPT. Schwab Charles Investment Management Inc. increased its holdings in shares of 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 valued at $14,841,000 after buying an additional 67,154 shares in the last quarter. SG Americas Securities LLC purchased a new position in Travelport Worldwide during the 2nd quarter worth approximately $136,000. Bank of New York Mellon Corp grew its position in Travelport Worldwide by 15.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 582,530 shares of the company’s stock worth $8,015,000 after purchasing an additional 78,338 shares in the last quarter. Legal & General Group Plc grew its position in Travelport Worldwide by 25.7% during the 2nd quarter. Legal & General Group Plc now owns 48,476 shares of the company’s stock worth $666,000 after purchasing an additional 9,897 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Travelport Worldwide by 461.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,245 shares of the company’s stock worth $210,000 after purchasing an additional 12,532 shares in the last quarter. 92.25% of the stock is currently owned by institutional investors.

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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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