Stoneridge Investment Partners LLC purchased a new position in shares of Travelport Worldwide Ltd. (NYSE:TVPT) during the second quarter, Holdings Channel reports. The firm purchased 25,057 shares of the company’s stock, valued at approximately $323,000.
Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Travelport Worldwide by 56.8% in the first quarter. Goldman Sachs Group Inc. now owns 4,759,281 shares of the company’s stock worth $65,011,000 after buying an additional 1,724,115 shares during the period. Copper Rock Capital Partners LLC acquired a new stake in shares of Travelport Worldwide during the second quarter worth approximately $45,824,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Travelport Worldwide by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,696,148 shares of the company’s stock worth $36,829,000 after buying an additional 94,157 shares during the period. State Street Corp raised its stake in shares of Travelport Worldwide by 8.8% in the first quarter. State Street Corp now owns 1,888,594 shares of the company’s stock worth $25,794,000 after buying an additional 153,005 shares during the period. Finally, Clovis Capital Management LP raised its stake in shares of Travelport Worldwide by 18.3% in the first quarter. Clovis Capital Management LP now owns 1,670,970 shares of the company’s stock worth $22,825,000 after buying an additional 258,535 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.
Shares of Travelport Worldwide Ltd. (NYSE:TVPT) traded down 0.20% during mid-day trading on Friday, reaching $14.81. 823,773 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $13.86 and a 200 day moving average of $13.51. Travelport Worldwide Ltd. has a one year low of $8.50 and a one year high of $15.22. The firm has a market capitalization of $1.84 billion, a P/E ratio of 185.13 and a beta of 0.72.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm earned $606 million during the quarter, compared to analysts’ expectations of $593.81 million. Travelport Worldwide had a negative return on equity of 36.01% and a net margin of 0.47%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. On average, analysts forecast that Travelport Worldwide Ltd. will post $1.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, August 30th. Travelport Worldwide’s dividend payout ratio is currently 375.05%.
In other Travelport Worldwide news, CEO Gordon A. Wilson sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $13.71, for a total value of $685,500.00. Following the completion of the sale, the chief executive officer now owns 691,023 shares of the company’s stock, valued at $9,473,925.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
About Travelport Worldwide
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for 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.
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