Sabre Corporation (SABR) Position Decreased by Russell Investments Group Ltd.
Russell Investments Group Ltd. cut its holdings in shares of Sabre Corporation (NASDAQ:SABR) by 29.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,304 shares of the information technology services provider’s stock after selling 11,377 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sabre Corporation were worth $595,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SABR. Creative Planning increased its holdings in shares of Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Sabre Corporation by 17.8% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 1,442 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Sabre Corporation during the 1st quarter worth approximately $217,000. Karp Capital Management Corp acquired a new position in shares of Sabre Corporation during the 1st quarter worth approximately $226,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Sabre Corporation during the 1st quarter worth approximately $232,000.
In other Sabre Corporation news, insider Hugh W. Jones sold 36,100 shares of the firm’s 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 directly owns 82,600 shares of the company’s stock, valued at $1,661,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the sale, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Sabre Corporation (NASDAQ SABR) traded down 0.305% during mid-day trading on Tuesday, reaching $17.995. The company had a trading volume of 819,572 shares. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $28.43. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 37.964 and a beta of 0.74. The stock has a 50-day moving average of $18.45 and a 200 day moving average of $21.36.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating 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 company had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. During the same period last year, the business posted $0.37 earnings per share. Sabre Corporation’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect that Sabre Corporation will post $1.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.
SABR has been the topic of a number of recent analyst reports. Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Friday, June 9th. Mizuho reissued a “buy” rating and set a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $20.00 in a report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.22.
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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