Sabre Corp (SABR) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Sabre Corp (NASDAQ:SABR) by 207.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 175,352 shares of the information technology services provider’s stock after purchasing an additional 118,282 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Sabre worth $3,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of Sabre by 293.9% during the fourth quarter. Hsbc Holdings PLC now owns 655,286 shares of the information technology services provider’s stock valued at $14,181,000 after acquiring an additional 488,922 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Sabre by 13.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 40,900 shares of the information technology services provider’s stock valued at $885,000 after acquiring an additional 4,700 shares during the period. Great West Life Assurance Co. Can lifted its stake in Sabre by 11.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 197,595 shares of the information technology services provider’s stock valued at $3,973,000 after buying an additional 19,754 shares during the period. U S Global Investors Inc. acquired a new position in Sabre in the fourth quarter valued at about $869,000. Finally, NumerixS Investment Technologies Inc acquired a new position in Sabre in the fourth quarter valued at about $221,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sabre stock opened at $21.50 on Friday. Sabre Corp has a 1 year low of $19.71 and a 1 year high of $26.78. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.43.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Sabre had a return on equity of 43.59% and a net margin of 8.73%. The company had revenue of $923.90 million during the quarter, compared to the consensus estimate of $930.19 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts predict that Sabre Corp will post 0.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. Sabre’s dividend payout ratio (DPR) is currently 39.44%.

Several equities analysts have weighed in on the company. BidaskClub lowered Sabre from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research lowered Sabre from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Sanford C. Bernstein lowered Sabre from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Berenberg Bank assumed coverage on Sabre in a research note on Monday, January 14th. They issued a “sell” rating and a $18.00 target price on the stock. Finally, Bank of America lowered Sabre from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.00.

In other Sabre news, insider Richard A. Simonson sold 158,646 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $22.19, for a total value of $3,520,354.74. Following the completion of the sale, the insider now directly owns 402,123 shares in the company, valued at $8,923,109.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karl Mr. Peterson purchased 10,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was acquired at an average price of $22.40 per share, with a total value of $224,000.00. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

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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.

Further Reading: Systematic Risk

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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