ZWJ Investment Counsel Inc. Purchases 24,540 Shares of Sabre Corp (SABR)

ZWJ Investment Counsel Inc. increased its position in shares of Sabre Corp (NASDAQ:SABR) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 617,133 shares of the information technology services provider’s stock after buying an additional 24,540 shares during the period. ZWJ Investment Counsel Inc. owned 0.22% of Sabre worth $15,206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC increased its position in Sabre by 7.7% during the fourth quarter. Guggenheim Capital LLC now owns 259,735 shares of the information technology services provider’s stock worth $5,324,000 after purchasing an additional 18,506 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Sabre during the fourth quarter valued at about $523,000. Elkfork Partners LLC purchased a new position in shares of Sabre in the fourth quarter valued at approximately $444,000. Meadow Creek Investment Management LLC boosted its stake in shares of Sabre by 25.6% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock valued at $254,000 after purchasing an additional 2,528 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Sabre by 19.9% in the fourth quarter. Millennium Management LLC now owns 682,208 shares of the information technology services provider’s stock valued at $13,985,000 after purchasing an additional 113,133 shares during the period.

In related news, insider David J. Shirk sold 11,899 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $26.02, for a total value of $309,611.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Group Holdings (Sbs) Advis Tpg sold 10,841,542 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $24.45, for a total value of $265,075,701.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,873,441 shares of company stock worth $265,885,530. 0.67% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Sabre from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 2nd. BidaskClub cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Zacks Investment Research cut shares of Sabre from a “buy” rating to a “sell” rating in a research note on Thursday, April 19th. Deutsche Bank upped their price target on shares of Sabre from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Finally, Imperial Capital reaffirmed a “buy” rating and set a $31.00 price target on shares of Sabre in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven 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 $26.44.

SABR stock opened at $24.93 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 2.68 and a beta of 0.65. Sabre Corp has a 1 year low of $17.30 and a 1 year high of $26.78.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $984.38 million for the quarter, compared to analysts’ expectations of $946.40 million. Sabre had a return on equity of 47.59% and a net margin of 9.41%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. analysts predict that Sabre Corp will post 1.31 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 20th. Sabre’s payout ratio is currently 43.08%.

Sabre Company Profile

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.

See Also: Dividend

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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