Flinton Capital Management LLC grew its stake in Sabre Corp (NASDAQ:SABR) by 25.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,316 shares of the information technology services provider’s stock after purchasing an additional 5,372 shares during the quarter. Flinton Capital Management LLC’s holdings in Sabre were worth $539,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Meadow Creek Investment Management LLC raised its holdings in Sabre by 25.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 2,528 shares in the last quarter. Swiss National Bank raised its holdings in Sabre by 0.4% in the 4th quarter. Swiss National Bank now owns 769,600 shares of the information technology services provider’s stock worth $15,777,000 after purchasing an additional 2,900 shares in the last quarter. IFG Advisory LLC bought a new position in Sabre in the 4th quarter worth $321,000. Toronto Dominion Bank raised its holdings in Sabre by 39.8% in the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 3,509 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Sabre by 2.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 171,002 shares of the information technology services provider’s stock worth $3,506,000 after purchasing an additional 3,756 shares in the last quarter.
In related news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.27, for a total transaction of $197,526,949.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
SABR has been the topic of a number of recent research reports. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Mizuho reaffirmed a “buy” rating and issued a $25.00 target price on shares of Sabre in a research report on Thursday, January 25th. BidaskClub downgraded shares of Sabre from a “sell” rating to a “strong sell” rating in a research report on Friday, March 16th. Zacks Investment Research raised shares of Sabre from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Saturday, February 3rd. Finally, Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.78.
Shares of SABR stock opened at $22.17 on Wednesday. Sabre Corp has a 1 year low of $17.30 and a 1 year high of $25.01. The company has a market cap of $6,082.64, a PE ratio of 25.19, a P/E/G ratio of 2.48 and a beta of 0.55. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.99 and a current ratio of 0.99.
Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Sabre had a net margin of 6.74% and a return on equity of 53.65%. The company had revenue of $881.90 million for the quarter, compared to the consensus estimate of $863.54 million. During the same period in the prior year, the firm posted $0.27 EPS. Sabre’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts predict that Sabre Corp will post 1.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 21st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, March 20th. Sabre’s dividend payout ratio (DPR) is 63.64%.
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Sabre 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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