Fred Alger Management Inc. bought a new stake in Sabre Co. (NASDAQ:SABR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,757 shares of the information technology services provider’s stock, valued at approximately $426,000.
Other institutional investors have also added to or reduced their stakes in the company. IFG Advisory LLC acquired a new stake in Sabre in the fourth quarter valued at $321,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sabre during the 4th quarter worth $169,000. Toronto Dominion Bank raised its stake in shares of Sabre by 39.8% during the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after buying an additional 3,509 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Sabre during the 4th quarter worth $349,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Sabre during the 4th quarter worth $358,000.
Sabre stock opened at $20.25 on Friday. The stock has a market cap of $5,742.12, a P/E ratio of 15.58, a P/E/G ratio of 2.34 and a beta of 0.60. Sabre Co. has a 52 week low of $17.30 and a 52 week high of $25.01. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.99.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $881.90 million during the quarter, compared to analysts’ expectations of $863.54 million. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. sell-side analysts forecast that Sabre Co. will post 1.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, March 21st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Tuesday, March 20th. Sabre’s dividend payout ratio is presently 43.08%.
Several research analysts have recently issued reports on the company. Deutsche Bank lifted their price target on Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Zacks Investment Research downgraded Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Cowen reaffirmed a “buy” rating and set a $27.00 price target on shares of Sabre in a research note on Wednesday, March 7th. Finally, Evercore ISI downgraded Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $23.75.
In related news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of Sabre stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $22.27, for a total transaction of $197,526,949.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.
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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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