Sabre (SABR) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Sabre (NASDAQ:SABR) from a sell rating to a hold rating in a report released on Tuesday.

Several other brokerages also recently issued reports on SABR. Morgan Stanley raised their price target on Sabre from $25.00 to $26.00 and gave the company an equal weight rating in a report on Wednesday, August 1st. ValuEngine downgraded Sabre from a buy rating to a hold rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded Sabre from a strong-buy rating to a hold rating in a report on Tuesday, August 7th. Cowen set a $30.00 price target on Sabre and gave the company a buy rating in a report on Thursday, July 19th. Finally, Imperial Capital reaffirmed a buy rating and set a $31.00 price target on shares of Sabre in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Sabre presently has a consensus rating of Hold and a consensus target price of $27.57.

Shares of NASDAQ SABR traded up $0.46 during trading hours on Tuesday, hitting $25.00. The company had a trading volume of 124,697 shares, compared to its average volume of 1,764,499. The company has a market cap of $6.69 billion, a PE ratio of 19.08, a PEG ratio of 2.59 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.83. Sabre has a 1-year low of $17.79 and a 1-year high of $26.78.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $984.38 million during the quarter, compared to the consensus estimate of $946.40 million. Sabre had a return on equity of 47.59% and a net margin of 9.41%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, sell-side analysts predict that Sabre will post 1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 21st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, September 20th. Sabre’s dividend payout ratio is 43.08%.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 shares of Sabre stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.72, for a total transaction of $251,804,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lake Group L.L.C. Silver sold 6,155,616 shares of Sabre stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.72, for a total value of $152,166,827.52. The disclosure for this sale can be found here. Insiders have sold a total of 16,427,216 shares of company stock valued at $406,162,833 in the last ninety days. Insiders own 0.67% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SABR. Bank of America Corp DE lifted its holdings in shares of Sabre by 240.3% during the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock worth $111,676,000 after buying an additional 3,200,652 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Sabre by 14.4% during the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock worth $556,651,000 after buying an additional 2,842,554 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Sabre by 2,182.7% during the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock worth $32,128,000 after buying an additional 1,246,779 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Sabre by 99.5% during the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock worth $60,268,000 after buying an additional 1,219,959 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sabre during the second quarter worth $24,302,000.

About Sabre

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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