Laurion Capital Management LP decreased its position in Sabre Corp (NASDAQ:SABR) by 64.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,941 shares of the information technology services provider’s stock after selling 316,349 shares during the quarter. Laurion Capital Management LP owned 0.06% of Sabre worth $4,510,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of SABR. Bank of America Corp DE grew its position in Sabre by 240.3% in the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock valued at $111,676,000 after acquiring an additional 3,200,652 shares in the last quarter. BlackRock Inc. grew its position in Sabre by 14.4% in the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock valued at $556,651,000 after acquiring an additional 2,842,554 shares in the last quarter. JPMorgan Chase & Co. grew its position in Sabre by 229.4% in the third quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock valued at $53,525,000 after acquiring an additional 1,429,316 shares in the last quarter. First Trust Advisors LP grew its position in Sabre by 2,182.7% in the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock valued at $32,128,000 after acquiring an additional 1,246,779 shares in the last quarter. Finally, Millennium Management LLC grew its position in Sabre by 99.5% in the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock valued at $60,268,000 after acquiring an additional 1,219,959 shares in the last quarter. 95.89% of the stock is owned by institutional investors.
SABR has been the subject of several recent research reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Sabre in a research report on Thursday, November 15th. BidaskClub downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Morgan Stanley increased their price objective on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a research report on Thursday, November 15th. Finally, Imperial Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.14.
Sabre stock opened at $24.99 on Friday. The company has a market cap of $7.04 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. 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 Corp has a 52 week low of $17.91 and a 52 week high of $26.78.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $970.28 million during the quarter, compared to analysts’ expectations of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. As a group, analysts forecast that Sabre Corp will post 1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, December 20th. Sabre’s dividend payout ratio (DPR) is currently 43.08%.
In other news, insider Richard A. Simonson sold 60,354 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the completion of the transaction, the insider now directly owns 249,941 shares in the company, valued at approximately $6,498,466. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jami Kindle sold 8,719 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $26.05, for a total value of $227,129.95. Following the transaction, the vice president now owns 17,013 shares of the company’s stock, valued at $443,188.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,137 shares of company stock valued at $2,596,288. Company insiders own 0.67% of the company’s stock.
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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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