Nisa Investment Advisors LLC grew its stake in Sabre Corp (NASDAQ:SABR) by 18.1% during the second quarter, HoldingsChannel reports. The firm owned 20,200 shares of the information technology services provider’s stock after buying an additional 3,100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sabre were worth $448,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. lifted its position in shares of Sabre by 1,739.5% during the 4th quarter. Macquarie Group Ltd. now owns 95,656 shares of the information technology services provider’s stock valued at $2,070,000 after buying an additional 90,456 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Sabre by 37.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 161,470 shares of the information technology services provider’s stock worth $3,494,000 after acquiring an additional 44,282 shares in the last quarter. APG Asset Management N.V. increased its position in Sabre by 30.0% during the 4th quarter. APG Asset Management N.V. now owns 126,495 shares of the information technology services provider’s stock valued at $2,395,000 after buying an additional 29,200 shares in the last quarter. Norges Bank acquired a new position in Sabre during the 4th quarter valued at about $58,201,000. Finally, Geode Capital Management LLC increased its position in Sabre by 14.4% during the 4th quarter. Geode Capital Management LLC now owns 3,213,007 shares of the information technology services provider’s stock valued at $69,516,000 after buying an additional 404,481 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.
A number of research analysts have recently weighed in on the company. Bank of America reissued a “buy” rating and issued a $29.50 price objective (up from $25.00) on shares of Sabre in a report on Friday. Mizuho started coverage on Sabre in a report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price target for the company. Goldman Sachs Group cut Sabre from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Wednesday, June 19th. William Blair lowered Sabre from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research upgraded Sabre from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.17.
Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $998.29 million. Sabre had a return on equity of 34.13% and a net margin of 6.14%. Sabre’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts expect that Sabre Corp will post 0.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.56 annualized dividend and a yield of 2.26%. Sabre’s dividend payout ratio (DPR) is presently 39.44%.
In other Sabre news, insider David J. Shirk sold 10,365 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $22.88, for a total value of $237,151.20. Following the completion of the transaction, the insider now directly owns 100,075 shares in the company, valued at approximately $2,289,716. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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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