Orbitz Worldwide CAO Sells $17,039 in Stock (OWW)
Orbitz Worldwide (NYSE:OWW) CAO Thomas L. Kram unloaded 2,114 shares of Orbitz Worldwide stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.06, for a total transaction of $17,038.84. Following the completion of the transaction, the chief accounting officer now directly owns 19,891 shares of the company’s stock, valued at approximately $160,321. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on OWW. Analysts at Deutsche Bank initiated coverage on shares of Orbitz Worldwide in a research note on Monday, June 2nd. They set a “hold” rating and a $8.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Susquehanna cut their price target on shares of Orbitz Worldwide from $9.00 to $8.00 in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group cut their price target on shares of Orbitz Worldwide from $9.50 to $8.50 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.72.
Orbitz Worldwide (NYSE:OWW) traded up 2.82% during mid-day trading on Wednesday, hitting $8.74. The stock had a trading volume of 1,080,658 shares. Orbitz Worldwide has a 52 week low of $6.40 and a 52 week high of $13.26. The stock has a 50-day moving average of $7.51 and a 200-day moving average of $7.67. The company has a market cap of $954.8 million and a P/E ratio of 71.43.
Orbitz Worldwide (NYSE:OWW) last announced its earnings results on Monday, May 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $205.50 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Orbitz Worldwide will post $0.33 EPS for the current fiscal year.
Orbitz Worldwide, Inc is a global online travel company (NYSE:OWW) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services.
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