Travelport Worldwide Ltd (TVPT) Sees Large Increase in Short Interest

Travelport Worldwide Ltd (NYSE:TVPT) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,354,761 shares, a growth of 77.1% from the January 12th total of 1,894,337 shares. Based on an average daily volume of 3,510,757 shares, the short-interest ratio is presently 1.0 days. Approximately 2.7% of the shares of the stock are sold short.

Travelport Worldwide (TVPT) opened at $12.68 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of -9.42. The stock has a market cap of $1,590.00, a PE ratio of 17.61, a price-to-earnings-growth ratio of 3.76 and a beta of 0.52. Travelport Worldwide has a 52-week low of $11.38 and a 52-week high of $16.17.

In related news, insider Matthew Minetola sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $12.86, for a total value of $154,320.00. Following the completion of the sale, the insider now owns 33,402 shares in the company, valued at $429,549.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado acquired a new position in Travelport Worldwide during the fourth quarter worth about $129,000. Zions Bancorporation acquired a new position in Travelport Worldwide during the third quarter worth about $135,000. Ameritas Investment Partners Inc. raised its position in Travelport Worldwide by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after acquiring an additional 918 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Travelport Worldwide during the third quarter worth about $161,000. Finally, Tocqueville Asset Management L.P. acquired a new position in Travelport Worldwide during the third quarter worth about $163,000. Institutional investors own 91.39% of the company’s stock.

Several brokerages recently commented on TVPT. Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Cowen set a $19.00 target price on shares of Travelport Worldwide and gave the stock a “buy” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Evercore ISI cut shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Finally, BidaskClub cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.00.

TRADEMARK VIOLATION NOTICE: “Travelport Worldwide Ltd (TVPT) Sees Large Increase in Short Interest” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/14/travelport-worldwide-ltd-tvpt-sees-large-increase-in-short-interest.html.

About Travelport Worldwide

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).

Receive News & Ratings for Travelport Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply