Trexquant Investment LP increased its stake in Sabre Corporation (NASDAQ:SABR) by 91.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,316 shares of the information technology services provider’s stock after buying an additional 25,904 shares during the period. Trexquant Investment LP’s holdings in Sabre Corporation were worth $1,182,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Sabre Corporation during the fourth quarter valued at approximately $337,000. Dimensional Fund Advisors LP increased its stake in Sabre Corporation by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,657 shares of the information technology services provider’s stock valued at $17,008,000 after buying an additional 27,755 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Sabre Corporation during the fourth quarter valued at about $340,000. Teachers Advisors LLC increased its stake in Sabre Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 184,011 shares of the information technology services provider’s stock valued at $4,591,000 after buying an additional 8,050 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Sabre Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 464,891 shares of the information technology services provider’s stock valued at $11,598,000 after buying an additional 14,314 shares during the last quarter.
Shares of Sabre Corporation (NASDAQ:SABR) traded down 1.25% during midday trading on Friday, reaching $17.40. The company had a trading volume of 3,159,380 shares. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 36.71 and a beta of 0.71. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $29.45. The company has a 50 day moving average of $20.54 and a 200 day moving average of $22.01.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. During the same quarter last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that Sabre Corporation will post $1.36 EPS for the current year.
The firm 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 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.
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Several analysts recently issued reports on SABR shares. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Bank of America Corporation cut Sabre Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $24.00 to $18.00 in a research note on Monday, August 7th. Mizuho restated a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC upgraded Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.11.
In related news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the sale, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now directly owns 31,726 shares in the company, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company 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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