BB&T Corp lowered its position in shares of Sabre Corporation (NASDAQ:SABR) by 28.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 309,354 shares of the information technology services provider’s stock after selling 123,943 shares during the period. BB&T Corp owned about 0.11% of Sabre Corporation worth $6,735,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning raised its position in shares of Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 1,442 shares during the period. Trust Co raised its position in shares of Sabre Corporation by 16.3% in the fourth quarter. Trust Co now owns 9,601 shares of the information technology services provider’s stock valued at $240,000 after buying an additional 1,345 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Sabre Corporation during the first quarter valued at $217,000.
Sabre Corporation (NASDAQ SABR) traded down 1.25% during mid-day trading on Friday, reaching $17.40. The company had a trading volume of 3,159,380 shares. The stock has a market capitalization of $4.85 billion, a PE ratio of 36.71 and a beta of 0.71. The company’s 50-day moving average is $20.54 and its 200-day moving average is $22.01. Sabre Corporation has a one year low of $17.30 and a one year high of $29.45.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Sabre Corporation will post $1.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is 116.67%.
A number of research analysts recently issued reports on SABR shares. Deutsche Bank AG increased their price objective on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, June 9th. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Mizuho reissued a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Cowen and Company reissued an “outperform” rating and set a $23.00 price target (down from $26.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.11.
In related news, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the transaction, the insider now owns 31,726 shares in the company, valued at $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
About Sabre Corporation
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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