Mutual of America Capital Management LLC decreased its position in shares of Sabre Corp (NASDAQ:SABR) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 214,243 shares of the information technology services provider’s stock after selling 2,844 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sabre were worth $5,587,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of Sabre in the 3rd quarter valued at $122,000. Cornerstone Wealth Management LLC bought a new stake in shares of Sabre in the 3rd quarter valued at $322,000. Russell Investments Group Ltd. bought a new stake in shares of Sabre in the 2nd quarter valued at $156,000. Cerebellum GP LLC bought a new stake in shares of Sabre in the 3rd quarter valued at $185,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Sabre in the 3rd quarter valued at $211,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.
Several analysts have recently weighed in on SABR shares. BidaskClub lowered shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Imperial Capital reiterated a “buy” rating and issued a $33.00 price objective on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research reiterated a “buy” rating and issued a $27.00 price objective on shares of Sabre in a research note on Thursday, November 15th. Finally, Oppenheimer reiterated a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.14.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $970.28 million during the quarter, compared to analyst estimates of $944.97 million. Sabre had a net margin of 8.76% and a return on equity of 45.54%. Sabre’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts forecast that Sabre Corp will post 1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. Sabre’s dividend payout ratio (DPR) is presently 43.08%.
In other Sabre news, VP Jami Kindle sold 8,719 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $26.05, for a total transaction of $227,129.95. Following the completion of the sale, the vice president now owns 17,013 shares in the company, valued at approximately $443,188.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the sale, the insider now owns 249,941 shares of the company’s stock, valued at approximately $6,498,466. The disclosure for this sale can be found here. Insiders have sold a total of 101,137 shares of company stock valued at $2,596,288 in the last 90 days. 0.67% of the stock is currently owned by company insiders.
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Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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