Delta Lloyd Asset Management N.V. bought a new position in shares of Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,189 shares of the information technology services provider’s stock, valued at approximately $287,000.
Other large investors also recently modified their holdings of the company. Creative Planning increased its position in shares of Sabre Corporation by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in Sabre Corporation by 4.5% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the period. Daiwa Securities Group Inc. increased its holdings in Sabre Corporation by 21.6% during the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the period. Neuberger Berman Group LLC purchased a new position in Sabre Corporation during the second quarter valued at approximately $203,000. Finally, Parametrica Management Ltd purchased a new position in Sabre Corporation during the second quarter valued at approximately $206,000.
In related news, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the transaction, the insider now owns 82,600 shares in the company, valued at $1,661,912. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now directly owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Shares of Sabre Corporation (NASDAQ:SABR) opened at 18.13 on Friday. The stock has a market cap of $5.05 billion, a PE ratio of 38.25 and a beta of 0.74. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $28.42. The stock’s 50 day moving average is $18.33 and its 200-day moving average is $21.33.
Sabre Corporation (NASDAQ:SABR) last issued its earnings results 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 return on equity of 46.16% and a net margin of 3.87%. The company had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corporation will post $1.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 3.09%. Sabre Corporation’s dividend payout ratio is currently 116.67%.
Several brokerages have weighed in on SABR. Mizuho restated a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $24.00 to $18.00 in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Sabre Corporation has a consensus rating of “Hold” and an average target price of $23.22.
Sabre Corporation Company 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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