Janus Henderson Group PLC reduced its stake in shares of Sabre Corp (NASDAQ:SABR) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 582,467 shares of the information technology services provider’s stock after selling 26,703 shares during the quarter. Janus Henderson Group PLC owned about 0.21% of Sabre worth $15,194,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. First Hawaiian Bank bought a new stake in Sabre in the third quarter worth about $122,000. Russell Investments Group Ltd. bought a new stake in Sabre in the second quarter worth about $156,000. Cerebellum GP LLC bought a new stake in Sabre in the third quarter worth about $185,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Sabre in the second quarter worth about $209,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Sabre in the third quarter worth about $211,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.
NASDAQ SABR opened at $24.99 on Friday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.63 and a beta of 0.70. Sabre Corp has a 1 year low of $17.91 and a 1 year high of $26.78.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $970.28 million for the quarter, compared to the consensus estimate of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. On average, sell-side analysts expect that Sabre Corp will post 1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 21st will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, December 20th. This represents a $0.56 annualized dividend and a yield of 2.24%. Sabre’s payout ratio is presently 43.08%.
SABR has been the topic of several research reports. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Imperial Capital reiterated a “buy” rating and issued a $33.00 price target on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research reiterated a “buy” rating and issued a $27.00 price target on shares of Sabre in a research report on Thursday, November 15th. Finally, Oppenheimer reiterated a “buy” rating on shares of Sabre in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $28.14.
In other Sabre news, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 249,941 shares in the company, valued at approximately $6,498,466. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. Following the sale, the director now owns 41,039 shares in the company, valued at approximately $1,016,946.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,137 shares of company stock worth $2,596,288. Corporate insiders own 0.67% of the company’s stock.
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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.
Read More: Return on Equity (ROE)
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