Ameriprise Financial Inc. trimmed its stake in Sabre Corp (NASDAQ:SABR) by 32.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,056 shares of the information technology services provider’s stock after selling 282,614 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.21% of Sabre worth $10,607,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of SABR. Advisor Group Inc. lifted its position in shares of Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $203,000. Citigroup Inc. lifted its holdings in Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after purchasing an additional 4,734 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Sabre by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 254 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in Sabre during the 2nd quarter worth approximately $278,000.
Several analysts recently weighed in on the company. Evercore ISI cut Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Zacks Investment Research raised Sabre from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Sabre in a report on Wednesday, November 1st. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Finally, Cowen set a $23.00 price objective on Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Sabre currently has an average rating of “Hold” and an average target price of $22.67.
Shares of Sabre Corp (SABR) traded up $0.10 during mid-day trading on Thursday, reaching $20.51. The company had a trading volume of 3,260,617 shares, compared to its average volume of 2,418,765. The company has a market cap of $5,640.00, a price-to-earnings ratio of 29.72, a P/E/G ratio of 4.85 and a beta of 0.76. Sabre Corp has a twelve month low of $17.30 and a twelve month high of $25.33. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.89 and a quick ratio of 0.89.
Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same quarter in the previous year, the company posted $0.27 EPS. Sabre’s quarterly revenue was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that Sabre Corp will post 1.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were given a $0.14 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.73%. Sabre’s dividend payout ratio (DPR) is presently 81.16%.
ILLEGAL ACTIVITY WARNING: “Ameriprise Financial Inc. Reduces Position in Sabre Corp (SABR)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/11/ameriprise-financial-inc-lowers-stake-in-sabre-corp-sabr.html.
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.
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.