Livforsakringsbolaget Skandia Omsesidigt Has $1,210,000 Position in Sabre Corporation (SABR)
Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Sabre Corporation (NASDAQ:SABR) by 46.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,400 shares of the company’s stock after buying an additional 10,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sabre Corporation were worth $1,210,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Artemis Investment Management LLP raised its stake in Sabre Corporation by 100.0% in the second quarter. Artemis Investment Management LLP now owns 700,200 shares of the company’s stock worth $18,748,000 after buying an additional 350,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Sabre Corporation by 1.4% in the third quarter. BNP Paribas Arbitrage SA now owns 653,811 shares of the company’s stock worth $18,424,000 after buying an additional 8,720 shares during the period. Reinhart Partners Inc. bought a new stake in shares of Sabre Corporation during the third quarter worth about $21,101,000. PNC Financial Services Group Inc. raised its stake in shares of Sabre Corporation by 81.3% in the second quarter. PNC Financial Services Group Inc. now owns 12,133 shares of the company’s stock worth $324,000 after buying an additional 5,442 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Sabre Corporation by 9.1% in the second quarter. Principal Financial Group Inc. now owns 1,020,513 shares of the company’s stock worth $27,340,000 after buying an additional 85,479 shares during the period.
Sabre Corporation (NASDAQ:SABR) traded up 0.72% during trading on Friday, reaching $25.14. 2,449,842 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $25.54 and its 200-day moving average price is $26.70. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 20.51 and a beta of 0.87. Sabre Corporation has a 52-week low of $22.03 and a 52-week high of $29.76.
Sabre Corporation (NASDAQ:SABR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $839 million for the quarter, compared to the consensus estimate of $853.31 million. Sabre Corporation had a return on equity of 44.83% and a net margin of 10.52%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. Equities analysts expect that Sabre Corporation will post $1.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.07%. Sabre Corporation’s payout ratio is currently 42.62%.
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SABR has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Sabre Corporation in a research note on Wednesday, October 19th. Zacks Investment Research lowered shares of Sabre Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 4th. William Blair restated an “outperform” rating on shares of Sabre Corporation in a research note on Wednesday, November 2nd. Finally, Mizuho dropped their price target on shares of Sabre Corporation from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Sabre Corporation currently has an average rating of “Buy” and an average price target of $33.40.
In other Sabre Corporation news, insider Richard A. Simonson sold 60,254 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $24.97, for a total transaction of $1,504,542.38. Following the completion of the sale, the insider now owns 260,663 shares of the company’s stock, valued at $6,508,755.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Klein sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $25.77, for a total value of $5,154,000.00. Following the sale, the chief executive officer now directly owns 498,995 shares of the company’s stock, valued at approximately $12,859,101.15. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Sabre Corporation Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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