Charles Schwab Investment Management Inc. increased its stake in shares of Sabre Corp (NASDAQ:SABR) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,289,395 shares of the information technology services provider’s stock after purchasing an additional 56,905 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sabre were worth $28,625,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Alpha Windward LLC acquired a new position in Sabre during the 2nd quarter worth approximately $26,000. Financial Gravity Wealth Inc. lifted its position in Sabre by 303.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 2,240 shares in the last quarter. Advisory Services Network LLC lifted its position in Sabre by 29.2% during the 2nd quarter. Advisory Services Network LLC now owns 3,552 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 802 shares in the last quarter. Commerce Bank acquired a new position in Sabre during the 2nd quarter worth approximately $210,000. Finally, Fox Run Management L.L.C. acquired a new position in Sabre during the 2nd quarter worth approximately $228,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider David J. Shirk sold 10,365 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $22.88, for a total value of $237,151.20. Following the completion of the sale, the insider now directly owns 100,075 shares in the company, valued at approximately $2,289,716. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Wade Jones sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.74, for a total value of $102,082.00. Following the completion of the sale, the executive vice president now owns 49,803 shares of the company’s stock, valued at $1,182,323.22. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.
SABR stock opened at $23.46 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Sabre Corp has a 52-week low of $19.41 and a 52-week high of $26.62. The stock’s 50 day moving average is $23.94 and its two-hundred day moving average is $22.29. The company has a market capitalization of $6.41 billion, a PE ratio of 16.52, a P/E/G ratio of 5.07 and a beta of 0.77.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Sabre had a return on equity of 34.13% and a net margin of 6.14%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $998.29 million. During the same period in the previous year, the business earned $0.37 EPS. Sabre’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sabre Corp will post 0.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.39%. Sabre’s dividend payout ratio (DPR) is 39.44%.
Several equities analysts recently commented on the company. Bank of America reissued a “buy” rating and set a $29.50 price target (up from $25.00) on shares of Sabre in a research report on Friday, August 2nd. BidaskClub downgraded Sabre from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. Goldman Sachs Group downgraded Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a report on Wednesday, June 19th. Finally, Mizuho started coverage on Sabre in a report on Thursday, June 6th. They set a “buy” rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.17.
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.
Featured Story: Using other technical indicators with support levels
Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corp (NASDAQ:SABR).
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.