World Asset Management Inc trimmed its holdings in shares of Sabre Corp (NASDAQ:SABR) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,595 shares of the information technology services provider’s stock after selling 1,415 shares during the period. World Asset Management Inc’s holdings in Sabre were worth $346,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of SABR. Hanson & Doremus Investment Management boosted its stake in Sabre by 16.9% during the second quarter. Hanson & Doremus Investment Management now owns 45,389 shares of the information technology services provider’s stock valued at $1,008,000 after buying an additional 6,569 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in shares of Sabre by 8.9% during the 2nd quarter. Oakbrook Investments LLC now owns 31,300 shares of the information technology services provider’s stock worth $695,000 after acquiring an additional 2,550 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Sabre during the 2nd quarter worth about $228,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Sabre by 14.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 110,823 shares of the information technology services provider’s stock worth $2,460,000 after acquiring an additional 13,600 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Sabre by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,287 shares of the information technology services provider’s stock worth $2,471,000 after acquiring an additional 1,574 shares during the period. Hedge funds and other institutional investors own 91.10% of the company’s stock.
Shares of SABR stock traded down $0.31 on Monday, hitting $24.71. The company’s stock had a trading volume of 87,451 shares, compared to its average volume of 1,139,962. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 1.08. The business has a 50 day simple moving average of $23.07. Sabre Corp has a fifty-two week low of $19.41 and a fifty-two week high of $26.62. The company has a market cap of $6.87 billion, a P/E ratio of 17.44, a PEG ratio of 6.90 and a beta of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.56 annualized dividend and a dividend yield of 2.27%. Sabre’s dividend payout ratio (DPR) is presently 39.44%.
In related news, insider David J. Shirk sold 10,365 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total value of $237,151.20. Following the transaction, the insider now directly owns 100,075 shares in the company, valued at $2,289,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.
A number of research firms have recently commented on SABR. Mizuho began coverage on shares of Sabre in a report on Thursday, June 6th. They set a “buy” rating and a $25.00 price objective for the company. William Blair downgraded shares of Sabre from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Imperial Capital decreased their price objective on shares of Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. Oppenheimer decreased their price objective on shares of Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, BidaskClub upgraded shares of Sabre from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.17.
Sabre Company Profile
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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