D. E. Shaw & Co. Inc. lowered its stake in Travelport Worldwide Ltd (NYSE:TVPT) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,834 shares of the company’s stock after selling 51,045 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.25% of Travelport Worldwide worth $4,996,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in shares of Travelport Worldwide during the fourth quarter valued at approximately $669,000. Stone Ridge Asset Management LLC bought a new position in Travelport Worldwide in the fourth quarter worth approximately $439,000. Bronfman E.L. Rothschild L.P. raised its stake in Travelport Worldwide by 450.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock worth $25,000 after buying an additional 1,334 shares in the last quarter. Fort L.P. raised its stake in Travelport Worldwide by 10.9% in the fourth quarter. Fort L.P. now owns 24,993 shares of the company’s stock worth $390,000 after buying an additional 2,453 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in Travelport Worldwide in the fourth quarter worth approximately $456,000. Institutional investors own 94.16% of the company’s stock.
NYSE:TVPT traded down $0.01 during trading hours on Friday, reaching $15.71. The company’s stock had a trading volume of 1,623,147 shares, compared to its average volume of 814,906. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 44.89 and a beta of 0.27. Travelport Worldwide Ltd has a 12 month low of $13.27 and a 12 month high of $20.30.
A number of equities analysts recently commented on TVPT shares. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Zacks Investment Research raised shares of Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.55.
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Travelport Worldwide Company Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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