Two Sigma Investments LP reduced its stake in shares of Sabre Corp (NASDAQ:SABR) by 67.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 414,361 shares of the information technology services provider’s stock after selling 849,941 shares during the period. Two Sigma Investments LP owned about 0.15% of Sabre worth $8,494,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Sapience Investments LLC grew its position in shares of Sabre by 27.0% during the 4th quarter. Sapience Investments LLC now owns 104,810 shares of the information technology services provider’s stock valued at $2,149,000 after acquiring an additional 22,280 shares during the period. Stone Ridge Asset Management LLC bought a new position in shares of Sabre during the 4th quarter valued at approximately $523,000. Guggenheim Capital LLC grew its position in shares of Sabre by 7.7% during the 4th quarter. Guggenheim Capital LLC now owns 259,735 shares of the information technology services provider’s stock valued at $5,324,000 after acquiring an additional 18,506 shares during the period. Fred Alger Management Inc. bought a new position in shares of Sabre during the 4th quarter valued at approximately $426,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Sabre by 27.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 27,900 shares of the information technology services provider’s stock valued at $572,000 after acquiring an additional 6,000 shares during the period.
In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $22.27, for a total value of $197,526,949.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Shares of SABR stock opened at $22.17 on Wednesday. Sabre Corp has a 52 week low of $17.30 and a 52 week high of $25.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 4.87. The stock has a market cap of $6,030.46, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.46 and a beta of 0.55.
Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $881.90 million for the quarter, compared to analysts’ expectations of $863.54 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts anticipate that Sabre Corp will post 1.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be paid a $0.14 dividend. 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 is presently 63.64%.
Several research analysts recently commented on SABR shares. Deutsche Bank raised their price objective on shares of Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, February 26th. BidaskClub raised shares of Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Cowen reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Sabre in a report on Wednesday, March 7th. Finally, Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $23.78.
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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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