Skandinaviska Enskilda Banken AB publ raised its position in shares of Sabre Corp (NASDAQ:SABR) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 471,618 shares of the information technology services provider’s stock after buying an additional 4,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.17% of Sabre worth $12,300,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SABR. Bank of America Corp DE lifted its position in shares of Sabre by 240.3% in the 2nd quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock worth $111,676,000 after purchasing an additional 3,200,652 shares during the period. BlackRock Inc. lifted its position in shares of Sabre by 14.4% in the 2nd quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock worth $556,651,000 after purchasing an additional 2,842,554 shares during the period. First Trust Advisors LP lifted its position in shares of Sabre by 2,182.7% in the 2nd quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock worth $32,128,000 after purchasing an additional 1,246,779 shares during the period. Millennium Management LLC lifted its position in shares of Sabre by 99.5% in the 2nd quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock worth $60,268,000 after purchasing an additional 1,219,959 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Sabre in the 2nd quarter worth about $24,302,000.
In related news, Director Judy C. Odom sold 10,000 shares of Sabre stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. Following the completion of the transaction, the director now directly owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence W. Kellner sold 15,000 shares of Sabre stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $25.00, for a total transaction of $375,000.00. Following the transaction, the director now directly owns 229,219 shares of the company’s stock, valued at $5,730,475. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,354 shares of company stock valued at $2,192,004. 0.67% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on SABR. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 target price on shares of Sabre in a research report on Wednesday, August 1st. ValuEngine cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Cowen set a $30.00 target price on shares of Sabre and gave the stock a “buy” rating in a research report on Thursday, July 19th. Finally, Morgan Stanley raised their target price on shares of Sabre from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Sabre currently has an average rating of “Hold” and a consensus target price of $28.00.
Shares of NASDAQ SABR opened at $25.57 on Friday. Sabre Corp has a 1 year low of $17.91 and a 1 year high of $26.78. The stock has a market cap of $6.95 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.60 and a beta of 0.69. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.14 and a quick ratio of 1.14.
Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The company had revenue of $970.28 million during the quarter, compared to analysts’ expectations of $944.97 million. During the same period last year, the company posted $0.31 EPS. Sabre’s revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that Sabre Corp will post 1.36 earnings per share for the current fiscal year.
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.
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