Laurion Capital Management LP trimmed its stake in Sabre Corp (NASDAQ:SABR) by 64.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 172,941 shares of the information technology services provider’s stock after selling 316,349 shares during the quarter. Laurion Capital Management LP’s holdings in Sabre were worth $4,510,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SABR. Bank of America Corp DE lifted its stake in Sabre by 240.3% in the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock valued at $111,676,000 after buying an additional 3,200,652 shares during the last quarter. BlackRock Inc. lifted its stake in Sabre by 14.4% in the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock valued at $556,651,000 after buying an additional 2,842,554 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Sabre by 229.4% in the third quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock valued at $53,525,000 after buying an additional 1,429,316 shares during the last quarter. First Trust Advisors LP lifted its stake in Sabre by 2,182.7% in the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock valued at $32,128,000 after buying an additional 1,246,779 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Sabre by 99.5% in the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock valued at $60,268,000 after buying an additional 1,219,959 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.
SABR has been the topic of a number of recent research reports. BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Oppenheimer reiterated a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. Zacks Investment Research reiterated a “buy” rating and issued a $27.00 target price on shares of Sabre in a research note on Thursday, November 15th. Morgan Stanley raised their target price on Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Finally, Imperial Capital set a $33.00 target price on Sabre and gave the company a “buy” rating in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Sabre currently has an average rating of “Buy” and an average price target of $28.14.
In other news, insider Richard A. Simonson sold 60,354 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the transaction, the insider now directly owns 249,941 shares of the company’s stock, valued at $6,498,466. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Judson Wade Jones sold 7,064 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $25.07, for a total value of $177,094.48. Following the transaction, the insider now directly owns 30,932 shares in the company, valued at $775,465.24. The disclosure for this sale can be found here. Insiders have sold 101,137 shares of company stock worth $2,596,288 over the last three months. Corporate insiders own 0.67% of the company’s stock.
Shares of SABR opened at $24.99 on Friday. The firm has a market cap of $7.04 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58. Sabre Corp has a one year low of $17.91 and a one year high of $26.78.
Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Sell-side analysts anticipate that Sabre Corp will post 1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, December 20th. Sabre’s dividend payout ratio (DPR) is 43.08%.
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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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