Sabre Corp (SABR) Shares Bought by Engineers Gate Manager LP
Engineers Gate Manager LP grew its stake in Sabre Corp (NASDAQ:SABR) by 23.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,965 shares of the information technology services provider’s stock after purchasing an additional 40,422 shares during the period. Engineers Gate Manager LP owned about 0.08% of Sabre worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning boosted its position in Sabre by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares during the period. Advisor Group Inc. boosted its position in Sabre by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after buying an additional 2,029 shares during the period. Daiwa Securities Group Inc. boosted its position in Sabre by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after buying an additional 1,100 shares during the period. Neuberger Berman Group LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $203,000. Finally, Citigroup Inc. boosted its position in Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after buying an additional 4,734 shares during the period.
Several research firms recently commented on SABR. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Jefferies Group upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, August 15th. Goldman Sachs Group downgraded shares of Sabre from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. Oppenheimer restated a “buy” rating and issued a $24.00 price target on shares of Sabre in a research report on Wednesday, November 1st. Finally, Deutsche Bank restated a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.63.
Sabre Corp (SABR) opened at $19.77 on Wednesday. The stock has a market cap of $5,446.97, a P/E ratio of 15.73, a PEG ratio of 4.78 and a beta of 0.76. Sabre Corp has a 1 year low of $17.30 and a 1 year high of $27.35. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.89 and a quick ratio of 0.89.
Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The firm had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. equities research analysts forecast that Sabre Corp will post 1.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a $0.14 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.83%. Sabre’s dividend payout ratio (DPR) is currently 83.58%.
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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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