OppenheimerFunds Inc. trimmed its stake in Sabre Corp (NASDAQ:SABR) by 39.5% in the 1st quarter, HoldingsChannel reports. The firm owned 44,448 shares of the information technology services provider’s stock after selling 28,992 shares during the period. OppenheimerFunds Inc.’s holdings in Sabre were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Sabre by 229.4% during the third quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock valued at $53,525,000 after acquiring an additional 1,429,316 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Sabre by 1.4% during the third quarter. Teachers Advisors LLC now owns 1,006,199 shares of the information technology services provider’s stock valued at $26,242,000 after acquiring an additional 13,766 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Sabre by 34.6% during the third quarter. TIAA CREF Investment Management LLC now owns 2,175,294 shares of the information technology services provider’s stock valued at $56,732,000 after acquiring an additional 558,978 shares during the period. Vanguard Group Inc lifted its holdings in shares of Sabre by 18.2% during the third quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after acquiring an additional 3,669,394 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Sabre by 9.6% during the fourth quarter. State of Alaska Department of Revenue now owns 33,116 shares of the information technology services provider’s stock valued at $716,000 after acquiring an additional 2,907 shares during the period. Hedge funds and other institutional investors own 95.02% of the company’s stock.
Shares of NASDAQ:SABR traded up $0.07 during midday trading on Friday, reaching $20.06. The company’s stock had a trading volume of 27,997 shares, compared to its average volume of 2,642,233. Sabre Corp has a fifty-two week low of $19.48 and a fifty-two week high of $26.78. The firm has a market cap of $5.48 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 5.50 and a beta of 0.78. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.08 and a current ratio of 1.08.
Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts anticipate that Sabre Corp will post 0.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be given a $0.14 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.79%. Sabre’s payout ratio is 39.44%.
A number of research analysts have issued reports on SABR shares. BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. William Blair lowered Sabre from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Oppenheimer lowered their target price on Sabre from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Sanford C. Bernstein lowered Sabre from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Finally, Imperial Capital lowered their target price on Sabre from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.39.
In related news, insider Richard A. Simonson sold 6,047 shares of Sabre stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the completion of the sale, the insider now directly owns 286,503 shares in the company, valued at $6,351,771.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Karl Mr. Peterson acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average price of $22.40 per share, with a total value of $224,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 233,017 shares of company stock valued at $5,106,992. Corporate insiders own 0.69% of the company’s stock.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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