Travelport Worldwide Limited (NYSE:TVPT) Cut to Hold at BidaskClub

BidaskClub lowered shares of Travelport Worldwide Limited (NYSE:TVPT) from a buy rating to a hold rating in a research note released on Friday, October 6th.

Other equities research analysts also recently issued research reports about the company. ValuEngine upgraded Travelport Worldwide Limited from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research cut Travelport Worldwide Limited from a buy rating to a hold rating in a research note on Thursday, October 5th. Finally, Cowen and Company reaffirmed an outperform rating and set a $16.00 price objective on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Travelport Worldwide Limited currently has a consensus rating of Hold and a consensus target price of $15.38.

Travelport Worldwide Limited (NYSE TVPT) opened at 15.71 on Friday. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.94. The stock has a market cap of $1.96 billion, a PE ratio of 18.79 and a beta of 0.61. The company has a 50-day moving average price of $15.45 and a 200-day moving average price of $14.04.

Travelport Worldwide Limited (NYSE:TVPT) last posted its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.26. The firm had revenue of $612.10 million for the quarter, compared to the consensus estimate of $618.27 million. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. Analysts anticipate that Travelport Worldwide Limited will post $1.37 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.91%. Travelport Worldwide Limited’s payout ratio is currently 35.29%.

A number of large investors have recently bought and sold shares of TVPT. BlackRock Inc. grew its position in Travelport Worldwide Limited by 52,255.3% in the 1st quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after purchasing an additional 7,924,521 shares during the period. Principal Financial Group Inc. grew its position in shares of Travelport Worldwide Limited by 190.0% during the 2nd quarter. Principal Financial Group Inc. now owns 7,737,069 shares of the company’s stock valued at $106,462,000 after acquiring an additional 5,068,775 shares during the period. New South Capital Management Inc. grew its position in shares of Travelport Worldwide Limited by 159.9% during the 2nd quarter. New South Capital Management Inc. now owns 5,786,575 shares of the company’s stock valued at $79,623,000 after acquiring an additional 3,560,151 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Travelport Worldwide Limited during the 1st quarter valued at $32,124,000. Finally, Crescent Park Management L.P. bought a new stake in shares of Travelport Worldwide Limited during the 2nd quarter valued at $28,775,000. 92.35% of the stock is owned by institutional investors and hedge funds.

About Travelport Worldwide Limited

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).

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