Federated Investors Inc. PA Has $2.53 Million Holdings in Sabre Corp (SABR)

Federated Investors Inc. PA boosted its stake in Sabre Corp (NASDAQ:SABR) by 21.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,739 shares of the information technology services provider’s stock after acquiring an additional 17,923 shares during the quarter. Federated Investors Inc. PA’s holdings in Sabre were worth $2,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its holdings in Sabre by 144.0% in the 2nd quarter. Hanson & Doremus Investment Management now owns 33,383 shares of the information technology services provider’s stock worth $823,000 after acquiring an additional 19,704 shares during the period. Toronto Dominion Bank boosted its holdings in Sabre by 64.6% in the 2nd quarter. Toronto Dominion Bank now owns 24,769 shares of the information technology services provider’s stock worth $610,000 after acquiring an additional 9,719 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Sabre by 21.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 42,869 shares of the information technology services provider’s stock worth $1,056,000 after acquiring an additional 7,661 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Sabre in the 2nd quarter worth approximately $1,681,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Sabre in the 2nd quarter worth approximately $209,000.

Sabre stock opened at $26.13 on Friday. The company has a market cap of $7.10 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.09 and a quick ratio of 1.09. Sabre Corp has a 52 week low of $17.79 and a 52 week high of $26.78.

Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $984.38 million during the quarter, compared to analysts’ expectations of $946.40 million. Sabre had a return on equity of 47.59% and a net margin of 9.41%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. analysts forecast that Sabre Corp will post 1.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 20th. Sabre’s dividend payout ratio is currently 43.08%.

SABR has been the subject of several research analyst reports. BidaskClub upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Deutsche Bank increased their target price on Sabre from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, June 6th. Imperial Capital reiterated a “buy” rating and set a $31.00 target price on shares of Sabre in a research note on Wednesday, August 1st. Cowen set a $30.00 target price on Sabre and gave the company a “buy” rating in a research note on Thursday, July 19th. Finally, ValuEngine upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.57.

In related news, Director Lawrence W. Kellner sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $375,000.00. Following the sale, the director now directly owns 229,219 shares of the company’s stock, valued at approximately $5,730,475. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David J. Shirk sold 11,899 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $26.02, for a total value of $309,611.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,368,761 shares of company stock worth $404,655,441. Corporate insiders own 0.67% of the company’s stock.

Sabre 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.

Further Reading: Outstanding Shares

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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