Nisa Investment Advisors LLC Sells 10,000 Shares of Sabre Corp (SABR)
Nisa Investment Advisors LLC cut its stake in shares of Sabre Corp (NASDAQ:SABR) by 62.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the information technology services provider’s stock after selling 10,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Sabre were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in shares of Sabre by 2.1% in the second quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after buying an additional 254 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Sabre by 6.9% in the second quarter. GSA Capital Partners LLP now owns 16,780 shares of the information technology services provider’s stock worth $365,000 after buying an additional 1,080 shares during the period. Advisor Group Inc. raised its holdings in shares of Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after buying an additional 2,029 shares during the period. Verition Fund Management LLC raised its holdings in shares of Sabre by 10.4% in the second quarter. Verition Fund Management LLC now owns 26,118 shares of the information technology services provider’s stock worth $569,000 after buying an additional 2,467 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of Sabre by 1.4% in the third quarter. Retirement Systems of Alabama now owns 269,112 shares of the information technology services provider’s stock worth $4,871,000 after buying an additional 3,820 shares during the period.
SABR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Evercore ISI downgraded Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. TheStreet upgraded Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Cowen set a $23.00 price target on Sabre and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $22.00 price target (down from $25.00) on shares of Sabre in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.67.
Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. Sabre had a return on equity of 53.97% and a net margin of 5.22%. Sabre’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. equities analysts predict that Sabre Corp will post 1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.56 annualized dividend and a yield of 2.65%. Sabre’s payout ratio is currently 81.16%.
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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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