Trexquant Investment LP bought a new stake in Sabre Corp (NASDAQ:SABR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,906 shares of the information technology services provider’s stock, valued at approximately $1,217,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new position in shares of Sabre during the fourth quarter valued at about $28,000. PRW Wealth Management LLC bought a new position in shares of Sabre during the fourth quarter valued at about $28,000. Investors Research Corp bought a new position in shares of Sabre during the first quarter valued at about $30,000. Shine Investment Advisory Services Inc. bought a new position in shares of Sabre during the first quarter valued at about $32,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Sabre during the fourth quarter valued at about $35,000. 92.57% of the stock is currently owned by institutional investors and hedge funds.
Sabre stock opened at $22.29 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.44. The stock has a market cap of $6.12 billion, a PE ratio of 16.63, a PEG ratio of 6.14 and a beta of 0.72. Sabre Corp has a 1-year low of $19.41 and a 1-year high of $26.78.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.51%. Sabre’s dividend payout ratio is currently 39.44%.
SABR has been the topic of a number of recent research reports. Imperial Capital reduced their price objective on Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Oppenheimer reduced their price objective on Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and set a $21.10 price objective on the stock in a research note on Wednesday, May 1st. BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Zacks Investment Research raised Sabre from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.34.
In other news, insider Richard A. Simonson sold 58,877 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $21.22, for a total transaction of $1,249,369.94. Following the completion of the sale, the insider now directly owns 339,333 shares in the company, valued at $7,200,646.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard A. Simonson sold 6,047 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total transaction of $134,061.99. Following the sale, the insider now owns 286,503 shares of the company’s stock, valued at $6,351,771.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,371 shares of company stock valued at $1,586,637. 0.69% of the stock is currently owned by company insiders.
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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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.
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