Public Employees Retirement Association of Colorado acquired a new position in shares of Travelport Worldwide Ltd (NYSE:TVPT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,880 shares of the company’s stock, valued at approximately $129,000.
Several other large investors have also modified their holdings of TVPT. JPMorgan Chase & Co. increased its position in shares of Travelport Worldwide by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock worth $68,286,000 after purchasing an additional 1,806,531 shares during the last quarter. American Century Companies Inc. increased its position in shares of Travelport Worldwide by 114.4% during the 3rd quarter. American Century Companies Inc. now owns 1,369,132 shares of the company’s stock worth $21,495,000 after purchasing an additional 730,597 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travelport Worldwide by 28.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,785,647 shares of the company’s stock worth $38,331,000 after purchasing an additional 625,160 shares during the last quarter. Dean Investment Associates LLC acquired a new stake in shares of Travelport Worldwide during the 3rd quarter worth about $7,119,000. Finally, Vanguard Group Inc. increased its position in shares of Travelport Worldwide by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,408,354 shares of the company’s stock worth $74,419,000 after purchasing an additional 236,276 shares during the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.
Travelport Worldwide Ltd (NYSE:TVPT) opened at $13.94 on Wednesday. The firm has a market capitalization of $1,750.00, a PE ratio of 19.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.52. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81. Travelport Worldwide Ltd has a 52-week low of $11.38 and a 52-week high of $16.17.
Travelport Worldwide (NYSE:TVPT) last released its earnings results on Tuesday, February 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.34. The company had revenue of $573.57 million during the quarter, compared to the consensus estimate of $566.92 million. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. Travelport Worldwide’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. equities research analysts anticipate that Travelport Worldwide Ltd will post 0.77 earnings per share for the current year.
A number of brokerages recently issued reports on TVPT. Cowen set a $19.00 price objective on Travelport Worldwide and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub downgraded Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Evercore ISI downgraded Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.00.
In other Travelport Worldwide news, insider Matthew Minetola sold 12,000 shares of Travelport Worldwide stock in a transaction dated Thursday, December 7th. The stock was 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 of the company’s stock, valued at approximately $429,549.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.19% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.thestockobserver.com/2018/02/21/public-employees-retirement-association-of-colorado-invests-129000-in-travelport-worldwide-ltd-tvpt.html.
Travelport Worldwide Company Profile
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).
Want to see what other hedge funds are holding TVPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelport Worldwide Ltd (NYSE:TVPT).
Receive News & Ratings for Travelport Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.