Black Creek Investment Management Inc. Takes $2.40 Million Position in Sabre Corp (SABR)
Black Creek Investment Management Inc. acquired a new position in shares of Sabre Corp (NASDAQ:SABR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 110,000 shares of the information technology services provider’s stock, valued at approximately $2,395,000. Sabre Corp comprises 0.1% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 20th biggest holding.
A number of other large investors have also recently made changes to their positions in the business. Creative Planning lifted its position in Sabre Corp by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares during the period. Advisor Group Inc. grew its position in shares of Sabre Corp by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after buying an additional 2,029 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Sabre Corp by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after buying an additional 1,100 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Sabre Corp during the 2nd quarter worth approximately $203,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Sabre Corp during the 2nd quarter worth approximately $206,000.
In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corp stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corp stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Shares of Sabre Corp (NASDAQ:SABR) remained flat at $18.10 during mid-day trading on Monday. 647,653 shares of the company traded hands. Sabre Corp has a 12 month low of $17.30 and a 12 month high of $28.37. The firm has a market cap of $5.04 billion, a P/E ratio of 38.19 and a beta of 0.74. The company’s 50-day moving average price is $18.33 and its 200 day moving average price is $21.33.
Sabre Corp (NASDAQ:SABR) last announced its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corp had a negative return on equity of 3.22% and a negative net margin of 0.46%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Equities analysts expect that Sabre Corp will post $1.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 21st were given a $0.14 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.09%. Sabre Corp’s dividend payout ratio (DPR) is currently 116.67%.
A number of equities research analysts recently weighed in on SABR shares. Zacks Investment Research raised shares of Sabre Corp from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, June 9th. BidaskClub lowered shares of Sabre Corp from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Mizuho reaffirmed a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Sabre Corp in a research note on Wednesday, August 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price objective (down from $26.00) on shares of Sabre Corp in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 target price (down previously from $27.00) on shares of Sabre Corp in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.22.
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Sabre Corp Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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