Stevens Capital Management LP Takes $1.08 Million Position in Sabre Corp (SABR)

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Stevens Capital Management LP acquired a new position in Sabre Corp (NASDAQ:SABR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,910 shares of the information technology services provider’s stock, valued at approximately $1,080,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Sabre by 16.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,635,948 shares of the information technology services provider’s stock valued at $89,589,000 after acquiring an additional 514,770 shares during the period. First Hawaiian Bank bought a new stake in shares of Sabre during the 3rd quarter valued at $122,000. Oakbrook Investments LLC bought a new stake in shares of Sabre during the 3rd quarter valued at $872,000. Cornerstone Wealth Management LLC bought a new stake in shares of Sabre during the 3rd quarter valued at $322,000. Finally, IFM Investors Pty Ltd grew its position in shares of Sabre by 17.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 14,058 shares of the information technology services provider’s stock valued at $367,000 after acquiring an additional 2,041 shares during the period. Institutional investors and hedge funds own 96.69% of the company’s stock.

In other Sabre news, Director Lawrence W. Kellner sold 5,944 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $25.01, for a total transaction of $148,659.44. Following the completion of the transaction, the director now owns 214,998 shares of the company’s stock, valued at approximately $5,377,099.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Judson Wade Jones sold 7,064 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $25.07, for a total transaction of $177,094.48. Following the transaction, the insider now directly owns 30,932 shares of the company’s stock, valued at approximately $775,465.24. The disclosure for this sale can be found here. Insiders sold a total of 21,727 shares of company stock valued at $552,884 in the last ninety days. 0.67% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on SABR shares. Imperial Capital reissued a “buy” rating and set a $33.00 price objective on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Sabre in a research report on Thursday, November 15th. Zacks Investment Research reissued a “buy” rating and set a $27.00 price objective on shares of Sabre in a research report on Thursday, November 15th. Finally, BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Sabre presently has an average rating of “Hold” and an average price target of $27.00.

Sabre stock traded down $0.08 during mid-day trading on Tuesday, hitting $22.45. The stock had a trading volume of 37,760 shares, compared to its average volume of 1,841,986. The company has a market capitalization of $6.20 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.60 and a beta of 0.84. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.14 and a current ratio of 1.17. Sabre Corp has a one year low of $19.71 and a one year high of $26.78.

Sabre (NASDAQ:SABR) last issued its earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $923.90 million during the quarter, compared to the consensus estimate of $930.19 million. Sabre had a net margin of 8.73% and a return on equity of 43.59%. Sabre’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Analysts forecast that Sabre Corp will post 1.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.49%. The ex-dividend date is Wednesday, March 20th. Sabre’s dividend payout ratio is currently 39.44%.

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Sabre Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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