TD Asset Management Inc. lowered its holdings in shares of Sabre Corp (NASDAQ:SABR) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 940,432 shares of the information technology services provider’s stock after selling 155,895 shares during the quarter. TD Asset Management Inc. owned 0.34% of Sabre worth $17,022,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in SABR. FIL Ltd increased its stake in Sabre by 433.5% in the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock worth $237,701,000 after buying an additional 8,872,029 shares during the period. BlackRock Inc. increased its stake in Sabre by 51.4% in the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after buying an additional 7,919,869 shares during the period. State Street Corp increased its position in Sabre by 72.5% during the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after purchasing an additional 2,738,529 shares during the period. Epoch Investment Partners Inc. increased its position in Sabre by 133.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock valued at $66,813,000 after purchasing an additional 1,754,999 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Sabre by 132.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,656,066 shares of the information technology services provider’s stock valued at $57,823,000 after purchasing an additional 1,513,581 shares during the period.
Shares of Sabre Corp (NASDAQ:SABR) traded down $0.42 during midday trading on Friday, reaching $19.30. 1,546,730 shares of the company traded hands, compared to its average volume of 1,997,386. Sabre Corp has a 12 month low of $17.30 and a 12 month high of $27.35. The stock has a market cap of $5,304.06, a price-to-earnings ratio of 15.32, a PEG ratio of 4.66 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million during the quarter, compared to analyst estimates of $884.04 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. research analysts predict that Sabre Corp will post 1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. Sabre’s payout ratio is 83.58%.
SABR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. Cowen set a $23.00 price objective on shares of Sabre and gave the company a “buy” rating in a research note on Thursday, October 12th. Deutsche Bank restated a “buy” rating and set a $22.00 price objective (down from $25.00) on shares of Sabre in a research note on Monday, October 9th. Finally, Oppenheimer restated a “buy” rating and set a $24.00 price objective on shares of Sabre in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.63.
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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