Geode Capital Management LLC Sells 223,421 Shares of Travelport Worldwide Ltd (NYSE:TVPT)

Geode Capital Management LLC cut its position in shares of Travelport Worldwide Ltd (NYSE:TVPT) by 14.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,369,017 shares of the company’s stock after selling 223,421 shares during the quarter. Geode Capital Management LLC owned 1.08% of Travelport Worldwide worth $21,383,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Water Island Capital LLC boosted its position in shares of Travelport Worldwide by 188.4% in the fourth quarter. Water Island Capital LLC now owns 1,778,991 shares of the company’s stock worth $27,788,000 after buying an additional 1,162,189 shares during the period. Morgan Stanley boosted its position in shares of Travelport Worldwide by 202.3% in the third quarter. Morgan Stanley now owns 1,365,780 shares of the company’s stock worth $23,041,000 after buying an additional 913,912 shares during the period. BlackRock Inc. boosted its position in shares of Travelport Worldwide by 4.5% in the fourth quarter. BlackRock Inc. now owns 18,797,205 shares of the company’s stock worth $293,614,000 after buying an additional 815,259 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Travelport Worldwide in the fourth quarter worth $50,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Travelport Worldwide by 106.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,466,674 shares of the company’s stock worth $24,743,000 after buying an additional 756,025 shares during the period. Institutional investors own 94.16% of the company’s stock.

Shares of NYSE:TVPT traded down $0.05 during midday trading on Friday, hitting $15.65. 1,694,900 shares of the stock were exchanged, compared to its average volume of 1,662,336. Travelport Worldwide Ltd has a 52-week low of $13.27 and a 52-week high of $20.30. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 44.71 and a beta of 0.27.

Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings data on Friday, February 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. Travelport Worldwide had a negative return on equity of 33.12% and a net margin of 2.85%. The business had revenue of $588.60 million during the quarter, compared to analyst estimates of $580.47 million. During the same period last year, the company earned $0.35 earnings per share. Travelport Worldwide’s quarterly revenue was up 2.6% compared to the same quarter last year.

Several analysts have recently commented on TVPT shares. ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Zacks Investment Research upgraded Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Travelport Worldwide (NYSE:TVPT)

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