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The share price of Travelport Worldwide Ltd. (NYSE: TVPT) fell 5.4% Thursday. The company traded up to $ 13.27 and the last one to $ 14.15. Approximately 4,076,004 shares traded in mid-day trades, an increase of 172% from the average daily trading volume of 1,496,077 shares. The stock had previously closed at $ 14.96.
A number of equity badysts weighed in on TVPT's shares. Cowen has set a price target of $ 23.00 on Travelport Worldwide and has awarded this stock a "buy" rating in a report released on Thursday, August 2nd. Morgan Stanley increased its price target on Travelport Worldwide from $ 18.00 to $ 21.00 and gave the stock an "equal weight" in a report released Friday, August 3. ValuEngine took Travelport Worldwide from a purchase note to a booking note in a report released Thursday. In a report released on Friday, Imperial Capital revised its "outperformance" rating and issued a target price of $ 20.00 (previously $ 25.00) on the shares of Travelport Worldwide. Finally, Zacks Investment Research has taken Travelport Worldwide from a "hold" rating to a "sell" rating in a report released on Thursday, August 9th. Four equity research badysts badigned a security rating, three awarded a retention rating and three rated the purchase. The stock currently has an average rating of "Keep" and an average target price of $ 20.80.
The company has a market capitalization of $ 1.87 billion, a P / E ratio of 15.17 and a beta of 0.25.
Travelport Worldwide (NYSE: TVPT) released its financial results on Thursday, November 1st. The company announced EPS of $ 0.31 for the quarter, exceeding Thomson Reuters consensus estimate of ($ 0.12) by $ 0.43. The company generated $ 622.60 million in sales during the quarter, while badysts expected $ 634.46 million. Travelport Worldwide had a negative return on equity of 36.75% and a net margin of 4.61%. The company's turnover increased by 1.9% year-on-year. During the same period last year, the business generated EPS of $ 0.18. Research badysts predict that Travelport Worldwide Ltd will publish earnings per share of 0.26 for the current fiscal year.
In another news, insider Matthew Minetola sold 2,508 shares of the stock during a transaction that took place on Tuesday, Oct. 16. The stock was sold at an average price of $ 15.50, for a total transaction of $ 38,874.00. As a result of the transaction, the insider now directly owns 37,004 shares of the Company, valued at approximately $ 573,562. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders hold 1.32% of the shares of the company.
Several institutional investors have recently increased or reduced their participation in the company. Flinton Capital Management LLC increased its position in Travelport Worldwide shares by 48.6% in the second quarter. Flinton Capital Management LLC now holds 9,200 shares valued at $ 171,000 after acquiring 3,008 additional shares in the last quarter. Stevens Capital Management LP increased its position in Travelport Worldwide shares by 34.8% in the second quarter. Stevens Capital Management LP now holds 15,112 shares valued at $ 280,000 after acquiring an additional 3,901 shares in the last quarter. Tocqueville Asset Management LP increased its position in Travelport Worldwide shares by 26.3% in the second quarter. Tocqueville Asset Management LP now holds 18,923 shares valued at $ 351,000 after acquiring 3,946 additional shares in the last quarter. Meadow Creek Investment Management LLC increased its position in Travelport Worldwide shares by 48.6% in the second quarter. Meadow Creek Investment Management LLC now holds 12,650 shares valued at $ 235,000 after acquiring 4,136 additional shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in Travelport Worldwide shares by 48.5% in the second quarter. Riverhead Capital Management LLC now holds 14,400 shares valued at $ 267,000 after acquiring 4,700 additional shares in the last quarter. Institutional investors own 92.25% of the shares of the company.
Company Profile Travelport Worldwide (NYSE: TVPT)
Travelport Worldwide Limited and its subsidiaries operate a travel trade platform that provides distribution, technology, payment and other solutions for the travel and tourism industry in the United States, the United Kingdom and the United States. international. It facilitates the travel trade by connecting travel providers with online and offline travel shoppers on a business-to-business travel platform.
Further reading: Growth stocks
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