Treasurer of the State of North Carolina Increases Stock Holdings in Sabre Corp (NASDAQ:SABR)

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Treasurer of the State of North Carolina increased its holdings in Sabre Corp (NASDAQ:SABR) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,131 shares of the information technology services provider’s stock after purchasing an additional 16,110 shares during the period. Treasurer of the State of North Carolina’s holdings in Sabre were worth $3,000,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cpwm LLC boosted its holdings in Sabre by 1.4% in the second quarter. Cpwm LLC now owns 28,748 shares of the information technology services provider’s stock valued at $638,000 after acquiring an additional 402 shares during the last quarter. Sigma Planning Corp boosted its holdings in Sabre by 2.1% in the second quarter. Sigma Planning Corp now owns 22,340 shares of the information technology services provider’s stock valued at $496,000 after acquiring an additional 463 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Sabre by 4.7% in the second quarter. Vestmark Advisory Solutions Inc. now owns 14,108 shares of the information technology services provider’s stock valued at $313,000 after acquiring an additional 638 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Sabre by 1.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 50,920 shares of the information technology services provider’s stock valued at $1,130,000 after acquiring an additional 730 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Sabre by 29.2% in the second quarter. Advisory Services Network LLC now owns 3,552 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 802 shares during the last quarter. 95.95% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Judson Wade Jones sold 4,300 shares of Sabre stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.74, for a total transaction of $102,082.00. Following the sale, the executive vice president now directly owns 49,803 shares of the company’s stock, valued at $1,182,323.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sean E. Menke sold 17,000 shares of Sabre stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $22.36, for a total value of $380,120.00. Following the sale, the chief executive officer now directly owns 250,038 shares in the company, valued at $5,590,849.68. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

A number of research analysts have commented on the company. Bank of America restated a “buy” rating and set a $29.50 price objective (up previously from $25.00) on shares of Sabre in a research note on Friday, August 2nd. TheStreet cut Sabre from a “b-” rating to a “c+” rating in a research note on Thursday, October 3rd. Goldman Sachs Group cut Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, June 19th. Finally, BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.17.

Shares of NASDAQ SABR opened at $21.24 on Wednesday. Sabre Corp has a 1 year low of $19.41 and a 1 year high of $26.40. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 4.83 and a beta of 0.76. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $23.04 and its 200-day simple moving average is $22.39.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Sabre had a return on equity of 34.13% and a net margin of 6.14%. The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $998.29 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Sabre Corp will post 0.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, September 19th. Sabre’s payout ratio is 39.44%.

About Sabre

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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