Qube Research & Technologies Ltd Invests $311,000 in Sabre Corp (NASDAQ:SABR)
Qube Research & Technologies Ltd purchased a new position in Sabre Corp (NASDAQ:SABR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,007 shares of the information technology services provider’s stock, valued at approximately $311,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Sigma Planning Corp lifted its position in Sabre by 2.1% in the 2nd quarter. Sigma Planning Corp now owns 22,340 shares of the information technology services provider’s stock valued at $496,000 after acquiring an additional 463 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Sabre by 1.7% during the 1st quarter. Stephens Inc. AR now owns 41,825 shares of the information technology services provider’s stock valued at $895,000 after buying an additional 696 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Sabre by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 50,920 shares of the information technology services provider’s stock valued at $1,130,000 after buying an additional 730 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Sabre by 5.6% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,975 shares of the information technology services provider’s stock valued at $320,000 after buying an additional 799 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of 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 valued at $78,000 after buying an additional 802 shares during the period. 91.69% 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 company’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $998.29 million. Sabre had a return on equity of 34.13% and a net margin of 6.14%. Sabre’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. Research analysts expect that Sabre Corp will post 0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.14 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.56 annualized dividend and a dividend yield of 2.35%. Sabre’s dividend payout ratio (DPR) is 39.44%.
Several equities analysts have recently weighed in on SABR shares. Bank of America reissued a “buy” rating and set a $29.50 price target (up from $25.00) on shares of Sabre in a report on Friday, August 2nd. Mizuho started coverage on Sabre in a report on Thursday, June 6th. They set a “buy” rating and a $25.00 price target on the stock. BidaskClub cut Sabre from a “strong-buy” rating to a “buy” rating in a report on Saturday. Imperial Capital lowered their price target on Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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.
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