Travelport Worldwide Sees Unusually High Options Volume (TVPT)

Travelport Worldwide Ltd (NYSE:TVPT) saw unusually large options trading on Wednesday. Traders bought 1,107 put options on the company. This is an increase of approximately 1,745% compared to the average daily volume of 60 put options.

A number of hedge funds have recently modified their holdings of TVPT. Alpine Associates Management Inc. bought a new stake in Travelport Worldwide during the 4th quarter worth $72,580,000. Norges Bank bought a new stake in Travelport Worldwide during the 4th quarter worth $37,773,000. CNH Partners LLC grew its position in Travelport Worldwide by 171.5% during the 1st quarter. CNH Partners LLC now owns 3,598,284 shares of the company’s stock worth $56,601,000 after acquiring an additional 2,272,818 shares during the last quarter. Water Island Capital LLC grew its position in Travelport Worldwide by 93.8% during the 1st quarter. Water Island Capital LLC now owns 3,447,252 shares of the company’s stock worth $54,225,000 after acquiring an additional 1,668,261 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Travelport Worldwide during the 1st quarter worth $20,134,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

A number of research firms have recently commented on TVPT. ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research raised Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.55.

Travelport Worldwide stock opened at $15.15 on Friday. Travelport Worldwide has a 52 week low of $13.27 and a 52 week high of $20.30. The firm has a market cap of $1.90 billion, a PE ratio of 43.29 and a beta of 0.27.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings results on Friday, February 22nd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $580.47 million. Travelport Worldwide had a negative return on equity of 25.37% and a net margin of 1.35%. Travelport Worldwide’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS.

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About Travelport Worldwide

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.

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