BNP Paribas Arbitrage SA decreased its position in shares of Sabre Corporation (NASDAQ:SABR) by 77.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,379 shares of the information technology services provider’s stock after selling 573,985 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Sabre Corporation worth $3,709,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SABR. Creative Planning raised its stake 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 worth $100,000 after buying an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake 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 worth $107,000 after buying an additional 232 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Sabre Corporation by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,646 shares of the information technology services provider’s stock worth $671,000 after buying an additional 291 shares in the last quarter. Princeton Alpha Management LP raised its stake in shares of Sabre Corporation by 2.8% in the first quarter. Princeton Alpha Management LP now owns 12,311 shares of the information technology services provider’s stock worth $261,000 after buying an additional 336 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Sabre Corporation by 4.6% in the first quarter. Shell Asset Management Co. now owns 12,420 shares of the information technology services provider’s stock worth $263,000 after buying an additional 547 shares in the last quarter.

Shares of Sabre Corporation (NASDAQ SABR) opened at 18.35 on Monday. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $29.45. The stock has a market capitalization of $5.11 billion, a PE ratio of 38.71 and a beta of 0.71. The stock’s 50 day moving average is $20.05 and its 200 day moving average is $21.77.

Sabre Corporation (NASDAQ:SABR) last posted 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. The company had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. Analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.05%. Sabre Corporation’s dividend payout ratio is currently 116.67%.

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A number of brokerages have weighed in on SABR. Mizuho reiterated a “buy” rating and set a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $24.00 to $18.00 in a research report on Monday, August 7th. Cowen and Company reissued an “outperform” rating and set a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Sabre Corporation presently has an average rating of “Hold” and an average target price of $25.11.

In other news, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares of the company’s stock, valued at $1,661,912. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now directly owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Sabre Corporation (NASDAQ:SABR)

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