Markston International LLC Has $6.14 Million Stake in Sabre Corporation (SABR)
Markston International LLC increased its position in shares of Sabre Corporation (NASDAQ:SABR) by 48.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 339,106 shares of the information technology services provider’s stock after buying an additional 110,001 shares during the quarter. Markston International LLC owned about 0.12% of Sabre Corporation worth $6,138,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Sabre Corporation during the 2nd quarter valued at approximately $27,613,000. State of Wisconsin Investment Board raised its position in shares of Sabre Corporation by 6.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 141,320 shares of the information technology services provider’s stock valued at $3,077,000 after buying an additional 9,020 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Sabre Corporation by 4.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 208,410 shares of the information technology services provider’s stock valued at $4,537,000 after buying an additional 9,310 shares during the period. Northern Trust Corp raised its position in Sabre Corporation by 67.5% in the second quarter. Northern Trust Corp now owns 2,005,364 shares of the information technology services provider’s stock valued at $43,657,000 after purchasing an additional 808,017 shares during the period. Finally, Cadence Capital Management LLC raised its position in Sabre Corporation by 22.0% in the second quarter. Cadence Capital Management LLC now owns 28,868 shares of the information technology services provider’s stock valued at $628,000 after purchasing an additional 5,201 shares during the period.
Sabre Corporation (NASDAQ:SABR) traded down $0.10 during trading hours on Wednesday, hitting $18.96. 3,591,600 shares of the company’s stock traded hands, compared to its average volume of 3,131,625. The firm has a market capitalization of $5,238.10, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. Sabre Corporation has a fifty-two week low of $17.30 and a fifty-two week high of $27.35.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre Corporation had a net margin of 5.22% and a return on equity of 53.97%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. research analysts expect that Sabre Corporation will post 1.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.95%. Sabre Corporation’s dividend payout ratio (DPR) is 83.58%.
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SABR has been the topic of a number of research analyst reports. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Bank of America Corporation lowered Sabre Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $24.00 to $18.00 in a research report on Monday, August 7th. Mizuho reissued a “buy” rating and issued a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.63.
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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