Cambiar Investors LLC Purchases New Holdings in Sabre Corporation (SABR)
Cambiar Investors LLC purchased a new position in shares of Sabre Corporation (NASDAQ:SABR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 220,601 shares of the information technology services provider’s stock, valued at approximately $3,993,000. Cambiar Investors LLC owned 0.08% of Sabre Corporation at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SABR. Creative Planning grew its holdings in shares of Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares during the period. Advisor Group Inc. lifted its stake in Sabre Corporation by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Sabre Corporation by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after acquiring an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Sabre Corporation during the 2nd quarter worth about $203,000. Finally, Parametrica Management Ltd acquired a new position in Sabre Corporation during the 2nd quarter worth about $206,000.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $24.00 price target on shares of Sabre Corporation in a research report on Wednesday, November 1st. Cowen and Company set a $23.00 price target on Sabre Corporation and gave the company a “buy” rating in a research report on Thursday, October 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $20.00 in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.63.
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Sabre Corporation (NASDAQ SABR) traded down $0.10 on Wednesday, hitting $18.96. The stock had a trading volume of 3,591,600 shares, compared to its average volume of 3,131,625. Sabre Corporation has a fifty-two week low of $17.30 and a fifty-two week high of $27.35. The stock has a market cap of $5,238.10, a P/E ratio of 15.13, a P/E/G ratio of 4.60 and a beta of 0.76. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Sabre Corporation had a return on equity of 53.97% and a net margin of 5.22%. The business had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts forecast that Sabre Corporation will post 1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.95%. Sabre Corporation’s payout ratio is currently 83.58%.
Sabre Corporation Company Profile
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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