Here’s Who Just Picked Up Travelport Worldwide Ltd. (NYSE:TVPT) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Travelport Worldwide Ltd. (NYSE:TVPT) reported that HG Vora Capital Management has picked up 7,500,000 of common stock as of 2017-03-10.

The acquisition brings the aggregate amount owned by HG Vora Capital Management to a total of 7,500,000 representing 6.0% stake in the company.

For those not familiar with the company, 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). It also provides a range of digital and mobile services that allow airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through mobile services, including applications, corporate booking tools, mobile Web and mobile messaging. Travel Commerce Platform connects travel providers and travel buyers, as well as travel agencies, travel management companies (TMCs) and corporations. As of December 31, 2016, it provided air distribution services to approximately 400 airlines globally, including approximately 125 low cost carriers (LCCs).

A glance at Travelport Worldwide Ltd. (NYSE:TVPT)’s key stats reveals a current market capitalization of 1.46 Billion based on 124.08 Million shares outstanding and a price at last close of $11.94 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-08-05, Wilson picked up 7,400 at a purchase price of $13.70. This brings their total holding to 712,005 as of the date of the filing.

On the sell side, the most recent transaction saw Wilson unload 50,000 shares at a sale price of $13.71. This brings their total holding to 691,023.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Travelport Worldwide Ltd. (NYSE:TVPT) as things move forward to see if its progress aligns with these transactions.

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