LMR Partners LLP reduced its position in shares of Travelport Worldwide Ltd. (NYSE:TVPT) by 63.7% during the second quarter, Holdings Channel reports. The firm owned 72,299 shares of the company’s stock after selling 126,901 shares during the period. LMR Partners LLP’s holdings in Travelport Worldwide were worth $932,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Teachers Advisors Inc. raised its stake in Travelport Worldwide by 19.7% in the first quarter. Teachers Advisors Inc. now owns 893,525 shares of the company’s stock worth $12,206,000 after buying an additional 146,756 shares during the period. Prudential Financial Inc. raised its stake in Travelport Worldwide by 2,363.8% in the first quarter. Prudential Financial Inc. now owns 299,350 shares of the company’s stock worth $4,089,000 after buying an additional 287,200 shares during the period. Algert Global LLC raised its stake in Travelport Worldwide by 13.6% in the first quarter. Algert Global LLC now owns 13,303 shares of the company’s stock worth $182,000 after buying an additional 1,593 shares during the period. BlackRock Group LTD raised its stake in Travelport Worldwide by 12.8% in the first quarter. BlackRock Group LTD now owns 79,840 shares of the company’s stock worth $1,091,000 after buying an additional 9,051 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in 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. Institutional investors and hedge funds own 94.60% of the company’s stock.
Travelport Worldwide Ltd. (NYSE:TVPT) traded down 1.02% during midday trading on Friday, hitting $14.61. The stock had a trading volume of 472,363 shares. The stock has a 50-day moving average price of $14.24 and a 200 day moving average price of $13.62. The firm has a market cap of $1.81 billion, a P/E ratio of 182.62 and a beta of 0.69. Travelport Worldwide Ltd. has a 12-month low of $8.50 and a 12-month high of $15.22.
Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The firm earned $606 million during the quarter, compared to analyst estimates of $593.81 million. Travelport Worldwide had a net margin of 0.47% and a negative return on equity of 36.01%. Travelport Worldwide’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, equities analysts anticipate that Travelport Worldwide Ltd. will post $1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.30 dividend on an annualized basis and a yield of 2.05%. Travelport Worldwide’s payout ratio is currently 375.05%.
In related news, CEO Gordon A. Wilson sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were 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 in the company, valued at $9,473,925.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Travelport Worldwide Company Profile
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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