TPG Group Holdings SBS Advisors Inc. decreased its holdings in Sabre Corp (NASDAQ:SABR) by 29.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,145,462 shares of the information technology services provider’s stock after selling 10,841,542 shares during the period. Sabre makes up about 8.4% of TPG Group Holdings SBS Advisors Inc.’s investment portfolio, making the stock its 4th largest position. TPG Group Holdings SBS Advisors Inc. owned 9.50% of Sabre worth $644,224,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Institutional & Family Asset Management LLC purchased a new position in Sabre in the first quarter valued at approximately $107,000. Russell Investments Group Ltd. acquired a new stake in Sabre in the second quarter valued at approximately $156,000. Quantbot Technologies LP acquired a new stake in Sabre in the first quarter valued at approximately $149,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Sabre in the second quarter valued at approximately $209,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Sabre in the second quarter valued at approximately $217,000.
In other news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $251,804,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence W. Kellner sold 15,000 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 16,368,761 shares of company stock valued at $404,655,441 in the last three months. Corporate insiders own 0.67% of the company’s stock.
SABR stock opened at $26.13 on Friday. Sabre Corp has a twelve month low of $17.79 and a twelve month high of $26.78. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $7.10 billion, a PE ratio of 19.41, a P/E/G ratio of 2.74 and a beta of 0.67.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The business had revenue of $984.38 million during the quarter, compared to the consensus estimate of $946.40 million. During the same quarter last year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. analysts anticipate that Sabre Corp will post 1.31 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 20th. Sabre’s payout ratio is currently 43.08%.
SABR has been the subject of several recent research reports. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Morgan Stanley increased their price objective on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 1st. Deutsche Bank increased their price objective on shares of Sabre from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 6th. Zacks Investment Research downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of Sabre from a “hold” rating to a “buy” rating in a research report 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 company. The stock has an average rating of “Hold” and a consensus price target of $27.57.
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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