Principal Financial Group Inc. increased its position in shares of Sabre Corp. (NASDAQ:SABR) by 9.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,020,513 shares of the company’s stock after buying an additional 85,479 shares during the period. Principal Financial Group Inc. owned about 0.37% of Sabre Corp. worth $27,340,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of SABR. Scopia Capital Management LP bought a new position in Sabre Corp. during the first quarter worth $177,673,000. Burgundy Asset Management Ltd. boosted its position in Sabre Corp. by 502.1% in the first quarter. Burgundy Asset Management Ltd. now owns 4,807,939 shares of the company’s stock worth $139,046,000 after buying an additional 4,009,454 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Sabre Corp. by 3,995.2% in the first quarter. JPMorgan Chase & Co. now owns 2,280,994 shares of the company’s stock worth $65,966,000 after buying an additional 2,225,295 shares during the last quarter. Cannell Peter B & Co Inc bought a new position in Sabre Corp. during the first quarter worth $51,764,000. Finally, Altrinsic Global Advisors LLC bought a new position in Sabre Corp. during the first quarter worth $30,518,000.
Sabre Corp. (NASDAQ:SABR) traded up 1.03% during mid-day trading on Tuesday, reaching $27.48. The company’s stock had a trading volume of 307,948 shares. The company has a market cap of $7.64 billion, a PE ratio of 16.01 and a beta of 0.86. The firm’s 50 day moving average is $27.61 and its 200-day moving average is $27.98. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.45.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. Equities analysts anticipate that Sabre Corp. will post $1.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be paid a $0.13 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. Sabre Corp.’s payout ratio is 30.41%.
SABR has been the topic of a number of analyst reports. KeyCorp lowered their price objective on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Sabre Corp. in a research report on Tuesday, June 21st. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, June 21st. SunTrust Banks Inc. raised Sabre Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Finally, Morgan Stanley reissued a “buy” rating and set a $38.00 target price on shares of Sabre Corp. in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $33.89.
In other news, Director Lawrence W. Kellner sold 25,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $26.86, for a total value of $671,500.00. Following the sale, the director now owns 232,352 shares in the company, valued at $6,240,974.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Klein sold 198,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $26.96, for a total value of $5,338,080.00. Following the completion of the sale, the chief executive officer now owns 363,018 shares in the company, valued at approximately $9,786,965.28. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
About Sabre Corp.
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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