Dana Investment Advisors Inc. increased its holdings in shares of Sabre Corp (NASDAQ:SABR) by 113.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 977,081 shares of the information technology services provider’s stock after purchasing an additional 518,707 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.35% of Sabre worth $21,144,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Public Employees Retirement Association of Colorado increased its position in Sabre by 1.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 41,718 shares of the information technology services provider’s stock worth $903,000 after buying an additional 681 shares during the period. Daiwa Securities Group Inc. increased its position in Sabre by 9.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,450 shares of the information technology services provider’s stock worth $183,000 after buying an additional 750 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Sabre by 2.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,649 shares of the information technology services provider’s stock worth $681,000 after buying an additional 865 shares during the period. Utah Retirement Systems increased its position in Sabre by 2.3% during the fourth quarter. Utah Retirement Systems now owns 48,300 shares of the information technology services provider’s stock worth $1,045,000 after buying an additional 1,100 shares during the period. Finally, Parametrica Management Ltd increased its position in Sabre by 13.7% during the fourth quarter. Parametrica Management Ltd now owns 9,475 shares of the information technology services provider’s stock worth $205,000 after buying an additional 1,139 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.
SABR opened at $21.50 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.43. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.52 and a beta of 0.82. Sabre Corp has a one year low of $19.71 and a one year high of $26.78.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. Sabre’s payout ratio is 39.44%.
In related news, Director Karl Mr. Peterson acquired 10,000 shares of Sabre stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average cost of $22.40 per share, for a total transaction of $224,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. Simonson sold 158,646 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $22.19, for a total value of $3,520,354.74. Following the completion of the sale, the insider now owns 402,123 shares in the company, valued at $8,923,109.37. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.
SABR has been the topic of several research analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Sabre in a research report on Thursday, November 15th. BidaskClub raised Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Berenberg Bank initiated coverage on Sabre in a research report on Monday, January 14th. They set a “sell” rating and a $18.00 price target on the stock. Bank of America lowered Sabre from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Finally, Deutsche Bank lowered Sabre from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $27.00 in a report on Thursday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Sabre currently has a consensus rating of “Hold” and an average price target of $27.00.
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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