Travelport Worldwide Sees Unusually High Options Volume (TVPT)

Travelport Worldwide Ltd (NYSE:TVPT) was the recipient of unusually large options trading on Monday. Traders purchased 3,991 call options on the company. This represents an increase of 3,370% compared to the average volume of 115 call options.

In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of the 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 directly 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 through this link. 1.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fort L.P. bought a new position in shares of Travelport Worldwide in the 2nd quarter worth $122,000. Itau Unibanco Holding S.A. bought a new position in shares of Travelport Worldwide in the 2nd quarter worth $129,000. Moneta Group Investment Advisors LLC bought a new position in shares of Travelport Worldwide in the 2nd quarter worth $168,000. 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 worth $171,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Travelport Worldwide in the 2nd quarter worth $220,000. Institutional investors own 92.27% of the company’s stock.

TVPT has been the topic of a number of research analyst reports. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Bank of America cut Travelport Worldwide from a “neutral” rating to an “underperform” rating in a report on Friday, August 3rd. Deutsche Bank increased their price target on Travelport Worldwide from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 25th. Morgan Stanley increased their price target on Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. Finally, Imperial Capital increased their price target on Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.80.

Travelport Worldwide stock opened at $15.34 on Tuesday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 16.32 and a beta of 0.25. Travelport Worldwide has a 52-week low of $12.10 and a 52-week high of $20.30. 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 issued its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Travelport Worldwide had a negative return on equity of 36.75% and a net margin of 4.61%. The company had revenue of $662.01 million for the quarter, compared to analysts’ expectations of $638.77 million. During the same period last year, the business earned $0.40 EPS. Travelport Worldwide’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Travelport Worldwide will post 0.26 EPS for the current year.

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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