Quantamental Technologies LLC grew its stake in shares of Sabre Corp (NASDAQ:SABR) by 105.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,552 shares of the information technology services provider’s stock after buying an additional 13,654 shares during the quarter. Quantamental Technologies LLC’s holdings in Sabre were worth $568,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Sabre by 12.0% during the fourth quarter. BlackRock Inc. now owns 26,366,015 shares of the information technology services provider’s stock valued at $570,560,000 after purchasing an additional 2,823,695 shares during the period. Vanguard Group Inc. increased its position 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 worth $622,761,000 after acquiring an additional 3,669,394 shares in the last quarter. Vanguard Group Inc increased its position 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 worth $622,761,000 after acquiring an additional 3,669,394 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Sabre by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 3,658,127 shares of the information technology services provider’s stock worth $95,405,000 after acquiring an additional 22,179 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Sabre by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 3,213,007 shares of the information technology services provider’s stock worth $69,516,000 after acquiring an additional 404,481 shares in the last quarter. 95.02% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on SABR. Sanford C. Bernstein downgraded shares of Sabre from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 14th. BidaskClub raised shares of Sabre from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Oppenheimer reduced their price objective on shares of Sabre from $28.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Imperial Capital reduced their price objective on shares of Sabre from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Sabre presently has an average rating of “Hold” and an average target price of $25.39.
In related news, EVP David J. Shirk sold 9,447 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $21.51, for a total transaction of $203,204.97. Following the transaction, the executive vice president now owns 123,891 shares of the company’s stock, valued at approximately $2,664,895.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard A. Simonson sold 6,047 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $22.17, for a total transaction of $134,061.99. Following the transaction, the insider now directly owns 286,503 shares in the company, valued at approximately $6,351,771.51. The disclosure for this sale can be found here. Insiders sold a total of 74,371 shares of company stock worth $1,586,637 over the last quarter. Corporate insiders own 0.69% of the company’s stock.
Shares of SABR stock traded down $0.29 during trading on Wednesday, reaching $19.72. 1,341,857 shares of the company’s stock traded hands, compared to its average volume of 2,111,916. The stock has a market capitalization of $5.50 billion, a P/E ratio of 13.89, a PEG ratio of 5.44 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.44. Sabre Corp has a 1 year low of $19.41 and a 1 year high of $26.78.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Sabre had a net margin of 7.80% and a return on equity of 39.46%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.44 EPS. Sabre’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Sabre Corp will post 0.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 20th. Sabre’s dividend payout ratio is presently 39.44%.
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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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