Korea Investment CORP Trims Holdings in Sabre Corp (NASDAQ:SABR)

Korea Investment CORP reduced its position in shares of Sabre Corp (NASDAQ:SABR) by 97.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the information technology services provider’s stock after selling 67,700 shares during the period. Korea Investment CORP’s holdings in Sabre were worth $42,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Sabre by 535.7% during the first quarter. FMR LLC now owns 2,789,845 shares of the information technology services provider’s stock valued at $59,674,000 after buying an additional 2,350,994 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Sabre by 95.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,354,878 shares of the information technology services provider’s stock worth $71,761,000 after purchasing an additional 1,641,020 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Sabre by 21.1% during the 2nd quarter. William Blair Investment Management LLC now owns 7,398,082 shares of the information technology services provider’s stock worth $164,237,000 after purchasing an additional 1,290,708 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Sabre by 735.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,434,761 shares of the information technology services provider’s stock worth $30,689,000 after purchasing an additional 1,263,032 shares during the period. Finally, Fundsmith LLP boosted its holdings in shares of Sabre by 31.2% during the first quarter. Fundsmith LLP now owns 2,967,828 shares of the information technology services provider’s stock worth $63,482,000 after purchasing an additional 704,957 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on SABR. BidaskClub downgraded Sabre from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America reiterated a “buy” rating and set a $29.50 target price (up from $25.00) on shares of Sabre in a research report on Friday, August 2nd. Mizuho started coverage on Sabre in a research note on Thursday, June 6th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Goldman Sachs Group cut Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.17.

Shares of Sabre stock traded down $0.08 during trading hours on Wednesday, reaching $23.49. The stock had a trading volume of 37,067 shares, compared to its average volume of 1,539,867. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 5.07 and a beta of 0.77. Sabre Corp has a 1 year low of $19.41 and a 1 year high of $26.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.59. The firm has a 50 day simple moving average of $23.94 and a two-hundred day simple moving average of $22.29.

Sabre (NASDAQ:SABR) last issued 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 during the quarter, compared to analysts’ expectations of $998.29 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Sabre Corp will post 0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.56 dividend on an annualized basis and a yield of 2.38%. Sabre’s dividend payout ratio (DPR) is 39.44%.

In other news, EVP Judson Wade Jones sold 4,300 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $102,082.00. Following the completion of the sale, the executive vice president now owns 49,803 shares of the company’s stock, valued at $1,182,323.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David J. Shirk sold 10,365 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total value of $237,151.20. Following the completion of the sale, the insider now owns 100,075 shares of the company’s stock, valued at approximately $2,289,716. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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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