American International Group Inc. raised its stake in shares of Sabre Co. (NASDAQ:SABR) by 4.4% during the first quarter, Holdings Channel reports. The institutional investor owned 450,857 shares of the information technology services provider’s stock after buying an additional 18,869 shares during the period. American International Group Inc.’s holdings in Sabre were worth $9,671,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in SABR. Xact Kapitalforvaltning AB lifted its stake in shares of Sabre by 7.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 33,296 shares of the information technology services provider’s stock worth $683,000 after purchasing an additional 2,299 shares during the period. Meadow Creek Investment Management LLC lifted its stake in shares of Sabre by 25.6% during 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 during the period. Swiss National Bank lifted its stake in shares of Sabre by 0.4% during 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 during the period. IFG Advisory LLC purchased a new position in shares of Sabre during the 4th quarter worth $321,000. Finally, Rhumbline Advisers lifted its stake in shares of Sabre by 0.8% during the 1st quarter. Rhumbline Advisers now owns 414,777 shares of the information technology services provider’s stock worth $8,897,000 after purchasing an additional 3,164 shares during the period.
In related news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $22.27, for a total value of $197,526,949.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company’s stock.
A number of research analysts have weighed in on the company. Bank of America raised Sabre from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 15th. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research note on Tuesday, May 8th. Oppenheimer increased their price target on Sabre from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 2nd. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Deutsche Bank increased 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Sabre has a consensus rating of “Hold” and a consensus price target of $24.80.
Shares of Sabre opened at $23.57 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $6.49 billion, a P/E ratio of 18.13, a PEG ratio of 2.53 and a beta of 0.60. Sabre Co. has a twelve month low of $17.30 and a twelve month high of $25.00.
Sabre (NASDAQ:SABR) last issued its earnings results on Tuesday, May 1st. The information technology services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. The business had revenue of $988.37 million for the quarter, compared to analyst estimates of $942.68 million. Sabre had a return on equity of 49.84% and a net margin of 6.93%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. equities research analysts expect that Sabre Co. will post 1.3 EPS for the current year.
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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