Sabre Corp (SABR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of Sabre Corp (NASDAQ:SABR) by 4.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 582,467 shares of the information technology services provider’s stock after selling 26,703 shares during the period. Janus Henderson Group PLC’s holdings in Sabre were worth $15,194,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Sabre by 14.4% in the 2nd quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock valued at $556,651,000 after buying an additional 2,842,554 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Sabre by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 18,295,526 shares of the information technology services provider’s stock valued at $450,802,000 after buying an additional 178,261 shares in the last quarter. Sound Shore Management Inc. CT grew its stake in shares of Sabre by 0.4% in the 3rd quarter. Sound Shore Management Inc. CT now owns 8,061,033 shares of the information technology services provider’s stock valued at $210,232,000 after buying an additional 32,559 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Sabre by 240.3% in the 2nd quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock valued at $111,676,000 after buying an additional 3,200,652 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Sabre by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,635,948 shares of the information technology services provider’s stock valued at $89,589,000 after buying an additional 514,770 shares in the last quarter. 95.89% of the stock is currently owned by institutional investors.

In related news, insider Judson Wade Jones sold 7,064 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $25.07, for a total value of $177,094.48. Following the completion of the sale, the insider now directly owns 30,932 shares in the company, valued at approximately $775,465.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the sale, the director now owns 41,039 shares of the company’s stock, valued at $1,016,946.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,137 shares of company stock valued at $2,596,288. Corporate insiders own 0.67% of the company’s stock.

SABR opened at $24.99 on Friday. Sabre Corp has a twelve month low of $17.91 and a twelve month high of $26.78. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $7.04 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.63 and a beta of 0.70.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The firm had revenue of $970.28 million during the quarter, compared to analyst estimates of $944.97 million. During the same period in the previous year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Sabre Corp will post 1.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 21st will be issued a $0.14 dividend. The ex-dividend date is Thursday, December 20th. This represents a $0.56 annualized dividend and a yield of 2.24%. Sabre’s dividend payout ratio (DPR) is currently 43.08%.

Several equities research analysts recently commented on SABR shares. BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Imperial Capital reissued a “buy” rating and issued a $33.00 price target on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research reissued a “buy” rating and issued a $27.00 price target on shares of Sabre in a research note on Thursday, November 15th. Finally, Oppenheimer reissued a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.14.

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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 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.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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