Zacks Investment Management Invests $5.48 Million in Sabre Corp (SABR)
Zacks Investment Management purchased a new stake in shares of Sabre Corp (NASDAQ:SABR) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 222,474 shares of the information technology services provider’s stock, valued at approximately $5,482,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in SABR. Rhumbline Advisers increased its position in shares of Sabre by 0.8% during the first quarter. Rhumbline Advisers now owns 414,777 shares of the information technology services provider’s stock valued at $8,897,000 after buying an additional 3,164 shares during the period. Alps Advisors Inc. purchased a new position in shares of Sabre during the first quarter valued at about $464,000. Comerica Bank increased its position in shares of Sabre by 7.4% during the first quarter. Comerica Bank now owns 176,113 shares of the information technology services provider’s stock valued at $3,626,000 after buying an additional 12,172 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Sabre by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 591,249 shares of the information technology services provider’s stock valued at $12,682,000 after buying an additional 4,877 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Sabre by 191.6% during the first quarter. SG Americas Securities LLC now owns 104,565 shares of the information technology services provider’s stock valued at $2,243,000 after buying an additional 68,709 shares during the period.
Several equities research analysts recently commented on SABR shares. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. Cowen set a $30.00 price objective on shares of Sabre and gave the stock a “buy” rating in a research note on Thursday, July 19th. ValuEngine raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Deutsche Bank boosted their price objective on shares of Sabre from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Finally, Imperial Capital reissued a “buy” rating and set a $31.00 price objective on shares of Sabre in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.57.
NASDAQ:SABR opened at $25.95 on Wednesday. Sabre Corp has a one year low of $17.79 and a one year high of $26.78. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $7.04 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 2.72 and a beta of 0.66.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The business had revenue of $984.38 million for the quarter, compared to analyst estimates of $946.40 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Sabre’s quarterly revenue was up 9.3% on a year-over-year basis. research analysts anticipate that Sabre Corp will post 1.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, September 20th. Sabre’s payout ratio is currently 43.08%.
Sabre Company Profile
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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