Travelport Worldwide (TVPT) Hits New 52-Week High and Low at $19.09

Shares of Travelport Worldwide Ltd (NYSE:TVPT) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $19.09 and last traded at $19.00, with a volume of 21096 shares. The stock had previously closed at $19.07.

TVPT has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 1st. Deutsche Bank increased their target price on shares of Travelport Worldwide from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. UBS Group reiterated a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $14.50 target price (down from $15.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Finally, Cowen set a $19.00 target price on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Monday, March 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.50.

The company has a debt-to-equity ratio of -17.08, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 20.05 and a beta of 0.26.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The firm had revenue of $677.84 million for the quarter, compared to analysts’ expectations of $667.04 million. Travelport Worldwide had a net margin of 5.87% and a negative return on equity of 45.82%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. analysts forecast that Travelport Worldwide Ltd will post 0.64 earnings per share for the current year.

The business 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 1.60%. The ex-dividend date of this dividend is Wednesday, June 6th. Travelport Worldwide’s dividend payout ratio (DPR) is currently 31.91%.

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 owns 37,890 shares of the company’s stock, valued at approximately $649,813.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas M. Steenland sold 128,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were 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 approximately $1,755,135.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 326,684 shares of company stock worth $5,316,551. Corporate insiders own 1.32% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC bought a new position in shares of Travelport Worldwide during the 1st quarter valued at $101,000. Public Employees Retirement Association of Colorado bought a new position in shares of Travelport Worldwide during the 4th quarter valued at $129,000. Meadow Creek Investment Management LLC bought a new position in shares of Travelport Worldwide during the 1st quarter valued at $139,000. Riverhead Capital Management LLC bought a new position in shares of Travelport Worldwide during the 1st quarter valued at $159,000. Finally, Gargoyle Investment Advisor L.L.C. bought a new position in shares of Travelport Worldwide during the 1st quarter valued at $167,000. 98.26% of the stock is currently owned by institutional investors.

Travelport Worldwide Company 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.

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