Copper Rock Capital Partners LLC boosted its position in Travelport Worldwide Ltd. (NYSE:TVPT) by 15.0% during the third quarter, Holdings Channel reports. The fund owned 4,086,661 shares of the company’s stock after buying an additional 531,657 shares during the period. Travelport Worldwide accounts for 4.0% of Copper Rock Capital Partners LLC’s investment portfolio, making the stock its largest position. Copper Rock Capital Partners LLC’s holdings in Travelport Worldwide were worth $60,973,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TVPT. BNP Paribas Arbitrage SA boosted its stake in Travelport Worldwide by 61.6% in the third quarter. BNP Paribas Arbitrage SA now owns 9,011 shares of the company’s stock valued at $135,000 after buying an additional 3,434 shares during the last quarter. AQR Capital Management LLC acquired a new position in Travelport Worldwide during the second quarter worth $141,000. Guggenheim Capital LLC acquired a new position in Travelport Worldwide during the second quarter worth $149,000. Quantitative Systematic Strategies LLC raised its position in Travelport Worldwide by 17.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,091 shares of the company’s stock worth $163,000 after buying an additional 1,943 shares during the period. Finally, Amalgamated Bank raised its position in Travelport Worldwide by 9.9% in the second quarter. Amalgamated Bank now owns 12,312 shares of the company’s stock worth $164,000 after buying an additional 1,112 shares during the period. Institutional investors own 94.60% of the company’s stock.
Travelport Worldwide Ltd. (NYSE:TVPT) traded down 1.0054% on Thursday, hitting $14.7898. 67,186 shares of the company were exchanged. The stock has a market capitalization of $1.83 billion, a P/E ratio of 184.8725 and a beta of 0.69. Travelport Worldwide Ltd. has a 52-week low of $8.50 and a 52-week high of $15.22. The stock’s 50-day moving average price is $14.18 and its 200-day moving average price is $13.60.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. Travelport Worldwide had a negative return on equity of 36.01% and a net margin of 0.47%. The business had revenue of $606 million for the quarter, compared to analyst estimates of $593.81 million. During the same period last year, the business posted $0.29 EPS. Travelport Worldwide’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Travelport Worldwide Ltd. will post $1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Tuesday, August 30th. Travelport Worldwide’s dividend payout ratio (DPR) is presently 375.05%.
In other news, CEO Gordon A. Wilson sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.71, for a total transaction of $685,500.00. Following the sale, the chief executive officer now owns 691,023 shares of the company’s stock, valued at approximately $9,473,925.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.
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.
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 Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.