Teachers Retirement System of The State of Kentucky purchased a new stake in Sabre Corporation (NASDAQ:SABR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,800 shares of the information technology services provider’s stock, valued at approximately $888,000.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its position in Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares during the last quarter. Advisor Group Inc. raised its position in Sabre Corporation by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after purchasing an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Sabre Corporation by 21.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after purchasing an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Sabre Corporation in the 2nd quarter valued at $203,000. Finally, Parametrica Management Ltd purchased a new stake in Sabre Corporation in the 2nd quarter valued at $206,000.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Sabre Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank AG restated a “buy” rating and set a $22.00 price objective (down previously from $25.00) on shares of Sabre Corporation in a research report on Monday. Goldman Sachs Group, Inc. (The) downgraded shares of Sabre Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. Jefferies Group LLC upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Sabre Corporation has a consensus rating of “Hold” and a consensus target price of $22.63.

Sabre Corporation (NASDAQ:SABR) opened at 18.19 on Thursday. The stock has a market cap of $5.07 billion, a P/E ratio of 38.38 and a beta of 0.74. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $27.35. The firm’s 50-day moving average is $18.18 and its 200-day moving average is $20.94.

Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $895.05 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now directly owns 31,726 shares in the company, valued at $568,529.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated 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 disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Sabre Corporation (NASDAQ:SABR)

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