Sabre Corporation (SABR) Stake Decreased by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC decreased its stake in Sabre Corporation (NASDAQ:SABR) by 56.8% during the second quarter, Holdings Channel reports. The fund owned 22,789 shares of the information technology services provider’s stock after selling 29,904 shares during the period. Stoneridge Investment Partners LLC’s holdings in Sabre Corporation were worth $496,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SABR. Creative Planning raised its stake in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the last quarter. Parametrica Management Ltd purchased a new stake in Sabre Corporation during the second quarter valued at $206,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 1,442 shares during the last quarter.
Shares of Sabre Corporation (NASDAQ SABR) opened at 17.87 on Friday. Sabre Corporation has a one year low of $17.86 and a one year high of $29.45. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 37.70 and a beta of 0.71. The company has a 50 day moving average of $21.31 and a 200-day moving average of $22.30.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data 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. The business had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. On average, analysts expect that Sabre Corporation will post $1.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is 116.67%.
Several research firms have recently weighed in on SABR. Cowen and Company reaffirmed an “outperform” rating and set a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet lowered shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Mizuho reissued a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price target (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Sabre Corporation from a “buy” rating to a “sell” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Sabre Corporation currently has a consensus rating of “Hold” and an average target price of $25.13.
In related news, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
About Sabre Corporation
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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