Is Travelport Worldwide Ltd (TVPT) Going to Burn These Hedge Funds?

Since Travelport Worldwide Ltd (NYSE:TVPT) has faced a declination in interest from the entirety of the hedge funds we track, we can see that there were a few hedge funds that decided to sell off their entire stakes last quarter. At the top of the heap, Frank Brosens’s Taconic Capital said goodbye to the largest stake of the “upper crust” of funds watched by Insider Monkey, totaling an estimated $9.4 million in stock, and Robert Millard’s Realm Partners was right behind this move, as the fund said goodbye to about $8.9 million worth of shares. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 2 funds last quarter.

Let’s also examine hedge fund activity in other stocks similar to Travelport Worldwide Ltd (NYSE:TVPT). We will take a look at Wageworks Inc (NYSE:WAGE), Astoria Financial Corp (NYSE:AF), Gentherm Inc (NASDAQ:THRM), and Fairchild Semiconductor Intl Inc (NYSE:FCS). All of these stocks’ market caps are closest to TVPT’s market cap.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $124 million. That figure was a whooping $655 million in TVPT’s case. Wageworks Inc (NYSE:WAGE) is the most popular stock in this table. On the other hand Fairchild Semiconductor Intl Inc (NYSE:FCS) is the least popular one with only 14 bullish hedge fund positions. Travelport Worldwide Ltd (NYSE:TVPT) clearly outshines them all, both in terms of the number of long hedge fund positions and the amount invested. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.