Cubist Systematic Strategies LLC Takes Position in Sabre Corporation (SABR)

Cubist Systematic Strategies LLC bought a new stake in Sabre Corporation (NASDAQ:SABR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 65,300 shares of the information technology services provider’s stock, valued at approximately $1,422,000.

Other large investors have also recently modified their holdings of the company. Creative Planning boosted 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 in the last quarter. Advisor Group Inc. boosted its stake in shares of Sabre Corporation by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after purchasing an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. boosted 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 in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Sabre Corporation in the 2nd quarter valued at $203,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Sabre Corporation in the 2nd quarter valued at $206,000.

Shares of Sabre Corporation (NASDAQ SABR) traded up 0.05% on Thursday, reaching $18.20. 426,749 shares of the company traded hands. The firm’s 50 day moving average is $18.18 and its 200 day moving average is $20.94. The company has a market capitalization of $5.07 billion, a P/E ratio of 38.40 and a beta of 0.74. Sabre Corporation has a one year low of $17.30 and a one year high of $27.35.

Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. Sabre Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Analysts expect that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.

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In related news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of 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. Company insiders own 1.80% of the company’s stock.

Several equities research analysts have recently commented on the stock. Mizuho restated a “buy” rating and issued a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Sabre Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $24.00 to $18.00 in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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