Public Employees Retirement Association of Colorado decreased its holdings in Sabre Corp (NASDAQ:SABR) by 24.1% in the first quarter, HoldingsChannel.com reports. The firm owned 31,662 shares of the information technology services provider’s stock after selling 10,056 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sabre were worth $677,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of Sabre by 60.4% during the fourth quarter. Amalgamated Bank now owns 62,706 shares of the information technology services provider’s stock valued at $1,357,000 after acquiring an additional 23,609 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Sabre by 190.4% during the fourth quarter. Stifel Financial Corp now owns 111,479 shares of the information technology services provider’s stock valued at $2,407,000 after acquiring an additional 73,087 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Sabre by 221.6% during the first quarter. Brookstone Capital Management now owns 38,874 shares of the information technology services provider’s stock valued at $832,000 after acquiring an additional 26,788 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of Sabre by 10.4% during the first quarter. Hanson & Doremus Investment Management now owns 38,820 shares of the information technology services provider’s stock valued at $830,000 after acquiring an additional 3,644 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Sabre by 9.6% during the fourth quarter. State of Alaska Department of Revenue now owns 33,116 shares of the information technology services provider’s stock valued at $716,000 after acquiring an additional 2,907 shares during the last quarter. 95.02% of the stock is owned by institutional investors.
A number of equities analysts have commented on SABR shares. BidaskClub raised Sabre from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Sanford C. Bernstein lowered Sabre from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered Sabre from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. William Blair lowered Sabre from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Finally, Imperial Capital lowered their price objective on Sabre from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.39.
SABR opened at $19.88 on Thursday. Sabre Corp has a 52 week low of $19.48 and a 52 week high of $26.78. The firm has a market cap of $5.48 billion, a PE ratio of 14.00, a PEG ratio of 5.27 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.44.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts predict that Sabre Corp will post 0.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.82%. Sabre’s dividend payout ratio is currently 39.44%.
In other news, insider Richard A. Simonson sold 6,047 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the sale, the insider now directly owns 286,503 shares in the company, valued at $6,351,771.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Karl Mr. Peterson acquired 10,000 shares of Sabre stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $22.40 per share, for a total transaction of $224,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 233,017 shares of company stock valued at $5,106,992. Company insiders own 0.69% of the company’s stock.
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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