Sabre Corp (SABR) Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its position in Sabre Corp (NASDAQ:SABR) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,372 shares of the information technology services provider’s stock after selling 12,131 shares during the quarter. DNB Asset Management AS’s holdings in Sabre were worth $1,462,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Sabre by 12.0% during the fourth quarter. BlackRock Inc. now owns 26,366,015 shares of the information technology services provider’s stock worth $570,560,000 after purchasing an additional 2,823,695 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sabre by 18.2% during the third quarter. Vanguard Group Inc. now owns 23,878,873 shares of the information technology services provider’s stock worth $622,761,000 after purchasing an additional 3,669,394 shares during the period. Vanguard Group Inc lifted its holdings in shares of Sabre by 18.2% during the third quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock worth $622,761,000 after purchasing an additional 3,669,394 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sabre by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 3,658,127 shares of the information technology services provider’s stock worth $95,405,000 after purchasing an additional 22,179 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Sabre by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 3,213,007 shares of the information technology services provider’s stock worth $69,516,000 after purchasing an additional 404,481 shares during the period. 94.00% of the stock is owned by institutional investors and hedge funds.

In other Sabre news, Director Karl Mr. Peterson acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was purchased at an average price of $22.40 per share, for a total transaction of $224,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard A. Simonson sold 158,646 shares of the stock in a transaction on 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 transaction, the insider now owns 402,123 shares of the company’s stock, valued at approximately $8,923,109.37. The disclosure for this sale can be found here. Insiders sold 226,970 shares of company stock valued at $4,972,930 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Zacks Investment Research downgraded Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Sanford C. Bernstein downgraded Sabre from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. Bank of America downgraded Sabre from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Finally, Berenberg Bank assumed coverage on Sabre in a report on Monday, January 14th. They set a “sell” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Sabre presently has a consensus rating of “Hold” and a consensus price target of $27.00.

NASDAQ:SABR opened at $21.93 on Friday. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 3.78 and a beta of 0.81. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.17 and a quick ratio of 1.17. Sabre Corp has a 1 year low of $20.00 and a 1 year high of $26.78.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $923.90 million during the quarter, compared to analysts’ expectations of $930.19 million. Sabre had a return on equity of 43.59% and a net margin of 8.73%. Sabre’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Sabre Corp will post 0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 20th. Sabre’s payout ratio is 39.44%.

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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 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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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