New York State Teachers Retirement System Has $119,000 Stake in Travelport Worldwide Limited (NYSE:TVPT)

New York State Teachers Retirement System cut its stake in shares of Travelport Worldwide Limited (NYSE:TVPT) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,100 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Travelport Worldwide Limited were worth $119,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Travelport Worldwide Limited by 14.8% in the first quarter. Vanguard Group Inc. now owns 5,172,078 shares of the company’s stock valued at $60,876,000 after buying an additional 668,517 shares in the last quarter. FIL Ltd raised its position in shares of Travelport Worldwide Limited by 30.1% in the first quarter. FIL Ltd now owns 2,698,734 shares of the company’s stock valued at $31,764,000 after buying an additional 624,006 shares in the last quarter. Edge Asset Management Inc. raised its position in shares of Travelport Worldwide Limited by 14.1% in the first quarter. Edge Asset Management Inc. now owns 4,821,828 shares of the company’s stock valued at $56,754,000 after buying an additional 594,196 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Travelport Worldwide Limited by 22.7% in the first quarter. Principal Financial Group Inc. now owns 2,668,294 shares of the company’s stock valued at $31,406,000 after buying an additional 493,455 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Travelport Worldwide Limited by 41.0% in the first quarter. Prudential Financial Inc. now owns 1,397,050 shares of the company’s stock valued at $16,443,000 after buying an additional 405,930 shares in the last quarter.

Shares of Travelport Worldwide Limited (TVPT) opened at 14.14 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 16.91 and a beta of 0.61. The company has a 50-day moving average price of $14.11 and a 200 day moving average price of $13.35. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $15.15.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Travelport Worldwide Limited’s dividend payout ratio (DPR) is 35.29%.

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TVPT has been the subject of several recent analyst reports. Cowen and Company restated an “outperform” rating and issued a $16.00 price target on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. BidaskClub upgraded Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Travelport Worldwide Limited has a consensus rating of “Buy” and a consensus target price of $15.38.

In other news, insider Antonios Basoukeas sold 6,895 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $13.72, for a total transaction of $94,599.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.

Travelport Worldwide Limited Company Profile

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).

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

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