AQR Capital Management LLC Sells 4,115 Shares of Sabre Corporation (SABR)
AQR Capital Management LLC reduced its stake in shares of Sabre Corporation (NASDAQ:SABR) by 8.2% during the first quarter, Holdings Channel reports. The firm owned 46,323 shares of the information technology services provider’s stock after selling 4,115 shares during the period. AQR Capital Management LLC’s holdings in Sabre Corporation were worth $982,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in SABR. Russell Investments Group Ltd. bought a new position in shares of Sabre Corporation during the fourth quarter valued at $337,000. Dimensional Fund Advisors LP boosted its position in shares of Sabre Corporation by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,657 shares of the information technology services provider’s stock valued at $17,008,000 after buying an additional 27,755 shares during the period. Quadrature Capital Ltd bought a new position in shares of Sabre Corporation during the fourth quarter valued at $340,000. Teachers Advisors LLC boosted its position in shares of Sabre Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 184,011 shares of the information technology services provider’s stock valued at $4,591,000 after buying an additional 8,050 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Sabre Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 464,891 shares of the information technology services provider’s stock valued at $11,598,000 after buying an additional 14,314 shares during the period.
Sabre Corporation (NASDAQ SABR) traded down 0.90% during midday trading on Wednesday, reaching $18.82. The company had a trading volume of 445,695 shares. Sabre Corporation has a 52 week low of $18.79 and a 52 week high of $29.45. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 39.70 and a beta of 0.71. The firm has a 50-day moving average price of $21.77 and a 200-day moving average price of $22.48.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The business had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. During the same quarter in the prior year, the business posted $0.37 EPS. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts expect that Sabre Corporation will post $1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid 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 2.95%. Sabre Corporation’s payout ratio is presently 116.67%.
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Several equities analysts have recently weighed in on SABR shares. Zacks Investment Research upgraded Sabre Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 13th. TheStreet upgraded Sabre Corporation from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Deutsche Bank AG lifted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Finally, Mizuho reiterated a “buy” rating and issued a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.14.
In other Sabre Corporation news, insider Richard A. Simonson sold 36,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $24.43, for a total value of $879,480.00. Following the completion of the sale, the insider now owns 231,103 shares in the company, valued at approximately $5,645,846.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction 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 completion of the sale, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.00% 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 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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