Fox Run Management L.L.C. Increases Stake in Sabre Corp (SABR)

Fox Run Management L.L.C. grew its holdings in Sabre Corp (NASDAQ:SABR) by 19.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,379 shares of the information technology services provider’s stock after buying an additional 2,204 shares during the period. Fox Run Management L.L.C.’s holdings in Sabre were worth $349,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Sabre in the second quarter valued at about $156,000. Quantbot Technologies LP purchased a new stake in shares of Sabre in the first quarter valued at about $149,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Sabre in the second quarter valued at about $209,000. Janney Montgomery Scott LLC purchased a new stake in shares of Sabre in the second quarter valued at about $217,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Sabre in the second quarter valued at about $232,000.

NASDAQ SABR opened at $23.06 on Thursday. The stock has a market cap of $7.18 billion, a P/E ratio of 17.74, a PEG ratio of 2.77 and a beta of 0.67. Sabre Corp has a 52-week low of $17.79 and a 52-week high of $26.78. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.09 and a quick ratio of 1.09.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $984.38 million during the quarter, compared to analysts’ expectations of $946.40 million. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, sell-side analysts predict that Sabre Corp will post 1.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 21st were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, September 20th. This represents a $0.56 annualized dividend and a yield of 2.43%. Sabre’s dividend payout ratio is currently 43.08%.

In related news, Director Judy C. Odom sold 10,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. Following the completion of the transaction, the director now directly owns 41,039 shares of the company’s stock, valued at $1,016,946.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lake Group L.L.C. Silver sold 6,155,616 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $24.72, for a total transaction of $152,166,827.52. The disclosure for this sale can be found here. Insiders have sold 16,427,216 shares of company stock valued at $406,162,833 over the last three months. 0.67% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on SABR shares. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Cowen set a $30.00 target price on shares of Sabre and gave the company a “buy” rating in a report on Thursday, July 19th. ValuEngine raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 target price on shares of Sabre in a report on Wednesday, August 1st. Finally, Morgan Stanley upped their target price on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.57.

About Sabre

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: Terms to Better Understand Call Options

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