Wilbanks Smith & Thomas Asset Management LLC Sells 288 Shares of Sabre Corporation (SABR)

Wilbanks Smith & Thomas Asset Management LLC cut its position in shares of Sabre Corporation (NASDAQ:SABR) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,456 shares of the information technology services provider’s stock after selling 288 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Sabre Corporation were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SABR. Creative Planning grew its position in Sabre Corporation by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares in the last quarter. Advisor Group Inc. grew its position in Sabre Corporation by 55.6% during 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 in the last quarter. Daiwa Securities Group Inc. grew its position in Sabre Corporation by 21.6% during the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after buying an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Sabre Corporation during the second quarter worth about $203,000. Finally, Parametrica Management Ltd acquired a new stake in Sabre Corporation during the second quarter valued at approximately $206,000.

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In related news, insider Judson Wade Jones sold 3,822 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the sale, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Sabre Corporation (SABR) traded up 0.583% during midday trading on Friday, reaching $18.105. The company’s stock had a trading volume of 151,449 shares. The firm has a market cap of $5.05 billion, a P/E ratio of 38.196 and a beta of 0.74. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.35. The firm has a 50 day moving average price of $18.18 and a 200-day moving average price of $20.92.

Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 3.87% and a return on equity of 46.16%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 20th. This represents a $0.56 annualized dividend and a dividend yield of 3.11%. Sabre Corporation’s dividend payout ratio is 116.67%.

SABR has been the topic of a number of recent research reports. BidaskClub downgraded Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Mizuho reaffirmed a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Cowen and Company reaffirmed an “outperform” rating and set a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, TheStreet downgraded Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Three equities 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 company presently has an average rating of “Hold” and an average 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.

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

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