MU Investments Co. Ltd. reduced its stake in shares of Sabre Corp. (NASDAQ:SABR) by 42.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 2,900 shares during the period. MU Investments Co. Ltd.’s holdings in Sabre Corp. were worth $106,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Brookside Capital Management LLC raised its stake in shares of Sabre Corp. by 21.0% in the first quarter. Brookside Capital Management LLC now owns 3,583,007 shares of the company’s stock valued at $103,621,000 after buying an additional 622,369 shares during the period. Artemis Investment Management LLP raised its stake in shares of Sabre Corp. by 100.0% in the second quarter. Artemis Investment Management LLP now owns 700,200 shares of the company’s stock valued at $18,748,000 after buying an additional 350,100 shares during the period. State Street Corp raised its stake in shares of Sabre Corp. by 15.4% in the first quarter. State Street Corp now owns 2,559,442 shares of the company’s stock valued at $74,022,000 after buying an additional 342,064 shares during the period. Scopia Capital Management LP bought a new stake in shares of Sabre Corp. during the first quarter valued at about $177,673,000. Finally, AMP Capital Investors Ltd raised its stake in shares of Sabre Corp. by 53.8% in the first quarter. AMP Capital Investors Ltd now owns 88,912 shares of the company’s stock valued at $2,539,000 after buying an additional 31,100 shares during the period.
Sabre Corp. (NASDAQ:SABR) remained flat at $28.18 during mid-day trading on Friday. The company had a trading volume of 2,746,827 shares. Sabre Corp. has a 12 month low of $22.03 and a 12 month high of $30.45. The company has a market capitalization of $7.84 billion, a PE ratio of 16.42 and a beta of 0.86. The firm has a 50 day moving average price of $27.74 and a 200 day moving average price of $27.98.
Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The firm had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. During the same period last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts forecast that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, September 19th. Sabre Corp.’s payout ratio is 30.41%.
SABR has been the topic of several research analyst reports. Morgan Stanley restated a “buy” rating and issued a $38.00 price objective on shares of Sabre Corp. in a report on Monday, September 12th. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group restated a “buy” rating and issued a $33.00 price objective on shares of Sabre Corp. in a report on Tuesday, June 21st. KeyCorp reduced their price objective on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. reduced their price objective on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.89.
In other Sabre Corp. news, Vice Chairman Gregory T. Webb sold 105,088 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $27.07, for a total value of $2,844,732.16. Following the sale, the insider now directly owns 85,354 shares of the company’s stock, valued at approximately $2,310,532.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander S. Alt sold 66,164 shares of the firm’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 $1,783,781.44. Following the completion of the sale, the insider now directly owns 48,730 shares in the company, valued at $1,313,760.80. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Sabre Corp. Company Profile
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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