Stock Traders Buy High Volume of Call Options on Travelport Worldwide (TVPT)

Travelport Worldwide Ltd (NYSE:TVPT) was the recipient of unusually large options trading on Thursday. Stock traders purchased 2,964 call options on the company. This represents an increase of approximately 888% compared to the average volume of 300 call options.

NYSE:TVPT opened at $15.72 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of 16.72 and a beta of 0.43. Travelport Worldwide has a 52-week low of $12.10 and a 52-week high of $20.30.

Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.43. The firm had revenue of $622.60 million for the quarter, compared to the consensus estimate of $634.46 million. Travelport Worldwide had a negative return on equity of 43.41% and a net margin of 4.60%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. As a group, analysts expect that Travelport Worldwide will post 0.47 earnings per share for the current fiscal year.



The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.91%. Travelport Worldwide’s dividend payout ratio (DPR) is currently 31.91%.

In related news, insider Matthew Minetola sold 2,508 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total transaction of $38,874.00. Following the transaction, the insider now owns 37,004 shares in the company, valued at approximately $573,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in TVPT. Flinton Capital Management LLC lifted its holdings in shares of Travelport Worldwide by 48.6% in the 2nd quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock valued at $171,000 after buying an additional 3,008 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Travelport Worldwide by 13.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,129 shares of the company’s stock valued at $508,000 after buying an additional 3,469 shares during the period. Stevens Capital Management LP lifted its holdings in shares of Travelport Worldwide by 34.8% in the 2nd quarter. Stevens Capital Management LP now owns 15,112 shares of the company’s stock valued at $280,000 after buying an additional 3,901 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in shares of Travelport Worldwide by 26.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 18,923 shares of the company’s stock valued at $351,000 after buying an additional 3,946 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Travelport Worldwide by 48.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,650 shares of the company’s stock valued at $235,000 after buying an additional 4,136 shares during the period. Institutional investors own 94.09% of the company’s stock.

A number of research analysts recently issued reports on the company. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Morgan Stanley set a $16.00 price target on Travelport Worldwide and gave the stock a “hold” rating in a research note on Friday, November 2nd. Finally, Imperial Capital restated an “outperform” rating and set a $20.00 price target (down previously from $25.00) on shares of Travelport Worldwide in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.80.

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About Travelport Worldwide

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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