QS Investors LLC Has $2,086,000 Holdings in Sabre Corporation (SABR)
QS Investors LLC continued to hold its position in shares of Sabre Corporation (NASDAQ:SABR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,809 shares of the information technology services provider’s stock at the end of the 2nd quarter. QS Investors LLC’s holdings in Sabre Corporation were worth $2,086,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OxFORD Asset Management LLP increased its position in shares of Sabre Corporation by 317.2% during the second quarter. OxFORD Asset Management LLP now owns 46,959 shares of the information technology services provider’s stock worth $1,022,000 after buying an additional 35,702 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Sabre Corporation by 133.6% during the second quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock worth $66,813,000 after buying an additional 1,754,999 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Sabre Corporation by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 737,366 shares of the information technology services provider’s stock worth $16,054,000 after buying an additional 50,050 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Sabre Corporation during the second quarter worth $682,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Sabre Corporation during the second quarter worth $888,000.
In other Sabre Corporation news, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
SABR has been the subject of several recent analyst reports. Bank of America Corporation cut shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.00.
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Shares of Sabre Corporation (SABR) opened at 18.16 on Friday. The firm has a 50-day moving average of $18.12 and a 200-day moving average of $21.00. The firm has a market capitalization of $5.06 billion, a PE ratio of 38.31 and a beta of 0.74. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.35.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.08%. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.
Sabre Corporation Profile
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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