GSA Capital Partners LLP Trims Holdings in Sabre Corp (SABR)

GSA Capital Partners LLP trimmed its holdings in shares of Sabre Corp (NASDAQ:SABR) by 61.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,156 shares of the information technology services provider’s stock after selling 138,565 shares during the quarter. GSA Capital Partners LLP’s holdings in Sabre were worth $2,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SABR. Mutual of America Capital Management LLC boosted its stake in shares of Sabre by 18.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 217,087 shares of the information technology services provider’s stock valued at $5,349,000 after purchasing an additional 33,600 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Sabre by 186.6% in the 2nd quarter. Martingale Asset Management L P now owns 164,795 shares of the information technology services provider’s stock valued at $4,061,000 after purchasing an additional 107,292 shares during the last quarter. Securian Asset Management Inc boosted its stake in shares of Sabre by 13.3% in the 2nd quarter. Securian Asset Management Inc now owns 31,415 shares of the information technology services provider’s stock valued at $774,000 after purchasing an additional 3,696 shares during the last quarter. Swiss National Bank boosted its stake in shares of Sabre by 17.4% in the 2nd quarter. Swiss National Bank now owns 834,400 shares of the information technology services provider’s stock valued at $20,560,000 after purchasing an additional 123,500 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its position in shares of Sabre by 144.0% during the 2nd quarter. Hanson & Doremus Investment Management now owns 33,383 shares of the information technology services provider’s stock valued at $823,000 after acquiring an additional 19,704 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Sabre stock opened at $25.58 on Monday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.09 and a current ratio of 1.09. Sabre Corp has a 12-month low of $17.49 and a 12-month high of $26.78. The firm has a market cap of $7.04 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.72 and a beta of 0.65.

Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The company had revenue of $984.38 million for the quarter, compared to the consensus estimate of $946.40 million. During the same quarter in the previous year, the company earned $0.35 EPS. Sabre’s quarterly revenue was up 9.3% compared to the same quarter last year. equities research analysts expect that Sabre Corp will post 1.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 21st will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, September 20th. This represents a $0.56 annualized dividend and a yield of 2.19%. Sabre’s payout ratio is 43.08%.

In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 10,841,542 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $24.45, for a total transaction of $265,075,701.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence W. Kellner sold 4,332 shares of the company’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $25.05, for a total transaction of $108,516.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,230,303 shares of company stock worth $670,231,359. Corporate insiders own 0.67% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. ValuEngine upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Imperial Capital reiterated a “buy” rating and set a $31.00 target price on shares of Sabre in a research report on Wednesday, August 1st. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. Finally, Oppenheimer boosted their target price on shares of Sabre from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.63.

Sabre Company 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.

Recommended Story: Average Daily Trade Volume – ADTV

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corp (NASDAQ:SABR).

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply