Sabre Corporation (SABR) Stake Lifted by Northern Trust Corp

Northern Trust Corp grew its holdings in Sabre Corporation (NASDAQ:SABR) by 67.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,005,364 shares of the information technology services provider’s stock after purchasing an additional 808,017 shares during the quarter. Northern Trust Corp owned about 0.72% of Sabre Corporation worth $43,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Creative Planning lifted its stake in shares of Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Sabre Corporation by 21.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after purchasing an additional 1,100 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Sabre Corporation in the 2nd quarter valued at about $203,000. Parametrica Management Ltd acquired a new position in shares of Sabre Corporation in the 2nd quarter valued at about $206,000. Finally, Citigroup Inc. lifted its stake in shares of Sabre Corporation by 98.9% in the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after purchasing an additional 4,734 shares during the period.

Sabre Corporation (SABR) opened at 18.23 on Wednesday. The company’s 50-day moving average price is $18.16 and its 200-day moving average price is $20.96. The firm has a market capitalization of $5.08 billion, a P/E ratio of 38.46 and a beta of 0.74. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.35.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. Equities research analysts expect that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.07%. Sabre Corporation’s payout ratio is 116.67%.

In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now directly owns 82,600 shares in the company, valued at $1,661,912. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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A number of brokerages have recently issued reports on SABR. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Cowen and Company reissued an “outperform” rating and issued a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Mizuho reissued a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet downgraded Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.63.

Sabre Corporation 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.

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

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