Korea Investment CORP Takes Position in Sabre Corporation (SABR)
Korea Investment CORP acquired a new stake in Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,400 shares of the information technology services provider’s stock, valued at approximately $248,000.
Other large investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. boosted its stake in Sabre Corporation by 24.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 101,999 shares of the information technology services provider’s stock valued at $2,161,000 after buying an additional 20,167 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Sabre Corporation by 521.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 33,612 shares of the information technology services provider’s stock valued at $732,000 after buying an additional 28,200 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Sabre Corporation by 3.5% in the first quarter. Westwood Holdings Group Inc. now owns 194,387 shares of the information technology services provider’s stock valued at $4,119,000 after buying an additional 6,512 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Sabre Corporation by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,142,485 shares of the information technology services provider’s stock valued at $24,209,000 after buying an additional 45,138 shares during the last quarter. Finally, Visionary Asset Management Inc. purchased a new stake in Sabre Corporation during the second quarter valued at about $319,000.
Sabre Corporation (NASDAQ SABR) opened at 17.82 on Wednesday. Sabre Corporation has a 12-month low of $17.81 and a 12-month high of $29.45. The firm has a market capitalization of $4.97 billion, a PE ratio of 37.59 and a beta of 0.71. The company has a 50-day moving average price of $20.92 and a 200-day moving average price of $22.12.
Sabre Corporation (NASDAQ:SABR) last announced its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. During the same quarter last year, the business earned $0.37 earnings per share. Sabre Corporation’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Sabre Corporation will post $1.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 3.14%. Sabre Corporation’s dividend payout ratio (DPR) is currently 116.67%.
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SABR has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Deutsche Bank AG lifted their price objective on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research cut Sabre Corporation from a “buy” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Bank of America Corporation cut Sabre Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $24.00 to $18.00 in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.11.
In related news, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the sale, the insider now owns 82,600 shares in the company, valued at $1,661,912. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
About Sabre Corporation
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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