Mutual of America Capital Management LLC Has $5.59 Million Holdings in Sabre Corp (SABR)

Mutual of America Capital Management LLC trimmed its position in shares of Sabre Corp (NASDAQ:SABR) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,243 shares of the information technology services provider’s stock after selling 2,844 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Sabre worth $5,587,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SABR. Bank of America Corp DE grew its stake in Sabre by 240.3% during the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock worth $111,676,000 after buying an additional 3,200,652 shares in the last quarter. BlackRock Inc. grew its stake in Sabre by 14.4% during the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock worth $556,651,000 after buying an additional 2,842,554 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sabre by 229.4% during the third quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock worth $53,525,000 after buying an additional 1,429,316 shares in the last quarter. First Trust Advisors LP grew its stake in Sabre by 2,182.7% during the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock worth $32,128,000 after buying an additional 1,246,779 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Sabre by 99.5% during the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock worth $60,268,000 after buying an additional 1,219,959 shares in the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.

SABR opened at $24.99 on Friday. Sabre Corp has a 1-year low of $17.91 and a 1-year high of $26.78. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $7.04 billion, a PE ratio of 19.22, a P/E/G ratio of 2.63 and a beta of 0.70.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The company had revenue of $970.28 million for the quarter, compared to the consensus estimate of $944.97 million. During the same period last year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that Sabre Corp will post 1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.24%. Sabre’s payout ratio is currently 43.08%.

In other news, Director Judy C. Odom sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. Following the sale, the director now directly owns 41,039 shares in the company, valued at approximately $1,016,946.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard A. Simonson sold 60,354 shares of the firm’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the completion of the sale, the insider now owns 249,941 shares in the company, valued at $6,498,466. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,137 shares of company stock worth $2,596,288. 0.67% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on SABR. BidaskClub upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Imperial Capital set a $33.00 price objective on shares of Sabre and gave the stock a “buy” rating in a research note on Monday, November 19th. Zacks Investment Research reiterated a “buy” rating and set a $27.00 price objective on shares of Sabre in a research note on Thursday, November 15th. Oppenheimer reiterated a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. Finally, Morgan Stanley raised their price target on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Sabre currently has a consensus rating of “Buy” and an average target price of $28.14.

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Sabre Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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.

See Also: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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