UBS Asset Management Americas Inc. Boosts Stake in Sabre Corp. (SABR)
UBS Asset Management Americas Inc. increased its stake in Sabre Corp. (NASDAQ:SABR) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 797,243 shares of the company’s stock after buying an additional 69,665 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.29% of Sabre Corp. worth $21,359,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of SABR. FineMark National Bank & Trust increased its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock worth $137,000 after buying an additional 2,001 shares during the period. BlueMountain Capital Management LLC acquired a new position in Sabre Corp. during the first quarter worth $162,000. LS Investment Advisors LLC increased its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the period. Financial Architects Inc increased its position in Sabre Corp. by 830.4% in the second quarter. Financial Architects Inc now owns 6,243 shares of the company’s stock worth $167,000 after buying an additional 5,572 shares during the period. Finally, Shell Asset Management Co. increased its position in Sabre Corp. by 13.7% in the second quarter. Shell Asset Management Co. now owns 9,432 shares of the company’s stock worth $253,000 after buying an additional 1,137 shares during the period.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.00 on Friday. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The firm has a market cap of $7.51 billion, a PE ratio of 15.73 and a beta of 0.86. The stock’s 50 day moving average is $27.87 and its 200-day moving average is $28.02.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business earned $845.20 million during the quarter, compared to analyst estimates of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. Sabre Corp.’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts expect that Sabre Corp. will post $1.44 earnings per share for the current 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 dividend of $0.13 per share. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.93%. Sabre Corp.’s dividend payout ratio (DPR) is presently 30.41%.
A number of research firms recently weighed in on SABR. Deutsche Bank AG reaffirmed a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, May 31st. Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a research report on Monday, September 12th. Oppenheimer Holdings Inc. decreased their target price on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. SunTrust Banks Inc. raised shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $33.89.
In other news, EVP Deborah Kerr sold 45,000 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $27.49, for a total value of $1,237,050.00. Following the completion of the sale, the executive vice president now owns 163,885 shares in the company, valued at approximately $4,505,198.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard A. Simonson sold 30,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $28.27, for a total transaction of $848,100.00. Following the completion of the sale, the insider now owns 217,163 shares of the company’s stock, valued at approximately $6,139,198.01. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
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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