Massachusetts Financial Services Co. MA Sells 131,861 Shares of Travelport Worldwide Ltd (NYSE:TVPT)

Massachusetts Financial Services Co. MA decreased its stake in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,806,259 shares of the company’s stock after selling 131,861 shares during the period. Massachusetts Financial Services Co. MA owned 1.43% of Travelport Worldwide worth $33,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in Travelport Worldwide by 103.1% during the 1st quarter. BlackRock Inc. now owns 16,195,587 shares of the company’s stock worth $264,634,000 after acquiring an additional 8,219,886 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Travelport Worldwide by 14.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,520,961 shares of the company’s stock valued at $155,572,000 after buying an additional 1,182,970 shares during the last quarter. New South Capital Management Inc. boosted its holdings in shares of Travelport Worldwide by 18.9% in the 1st quarter. New South Capital Management Inc. now owns 5,933,830 shares of the company’s stock valued at $96,959,000 after buying an additional 941,367 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Travelport Worldwide by 24,768.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 916,392 shares of the company’s stock valued at $14,974,000 after buying an additional 912,707 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Travelport Worldwide by 1,731.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 591,936 shares of the company’s stock valued at $9,672,000 after buying an additional 559,608 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Several equities research analysts have issued reports on the company. Cowen set a $23.00 price target on Travelport Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Deutsche Bank increased their price objective on Travelport Worldwide from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, June 25th. Imperial Capital set a $22.00 price objective on Travelport Worldwide and gave the stock a “buy” rating in a research report on Friday, May 4th. Morgan Stanley raised their price target on Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Finally, Bank of America cut Travelport Worldwide from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 15th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.80.

In other Travelport Worldwide news, insider Matthew Minetola sold 20,000 shares of Travelport Worldwide stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $20.02, for a total value of $400,400.00. Following the completion of the sale, the insider now directly owns 53,402 shares in the company, valued at $1,069,108.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.32% of the company’s stock.

Shares of TVPT stock traded up $0.08 during mid-day trading on Friday, reaching $18.57. 863,600 shares of the stock traded hands, compared to its average volume of 1,554,849. Travelport Worldwide Ltd has a 1-year low of $12.10 and a 1-year high of $20.30. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.76 and a beta of 0.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of -16.95.

Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. The firm had revenue of $662.01 million for the quarter, compared to analyst estimates of $638.77 million. Travelport Worldwide had a negative return on equity of 36.75% and a net margin of 4.61%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. sell-side analysts predict that Travelport Worldwide Ltd will post 0.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, September 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.62%. Travelport Worldwide’s payout ratio is currently 31.91%.

Travelport Worldwide Company Profile

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.

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Institutional Ownership by Quarter for Travelport Worldwide (NYSE:TVPT)

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