Sabre Corp (NASDAQ:SABR) Holdings Lifted by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management raised its position in Sabre Corp (NASDAQ:SABR) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,454 shares of the information technology services provider’s stock after purchasing an additional 11,605 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Sabre were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Millennium Management LLC raised its stake in Sabre by 4,713.1% during the 3rd quarter. Millennium Management LLC now owns 2,077,537 shares of the information technology services provider’s stock valued at $46,526,000 after acquiring an additional 2,034,373 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Sabre during the 2nd quarter valued at about $30,703,000. California Public Employees Retirement System increased its stake in Sabre by 116.5% during the 3rd quarter. California Public Employees Retirement System now owns 893,100 shares of the information technology services provider’s stock valued at $20,001,000 after buying an additional 480,658 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Sabre during the 3rd quarter worth about $9,010,000. Finally, UBS Oconnor LLC bought a new stake in shares of Sabre during the 2nd quarter worth about $8,880,000. Institutional investors own 92.64% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a research report on Wednesday, November 6th. TheStreet downgraded shares of Sabre from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd. Morgan Stanley assumed coverage on shares of Sabre in a research report on Thursday, December 5th. They set an “equal weight” rating and a $26.00 price target on the stock. Finally, BidaskClub downgraded shares of Sabre from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Sabre has an average rating of “Hold” and a consensus price target of $25.21.

In other Sabre news, CEO Sean E. Menke sold 17,000 shares of Sabre stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $22.33, for a total transaction of $379,610.00. Following the completion of the sale, the chief executive officer now owns 203,509 shares of the company’s stock, valued at approximately $4,544,355.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sean E. Menke sold 21,200 shares of Sabre stock in a transaction on Monday, November 4th. The shares were sold at an average price of $22.67, for a total transaction of $480,604.00. Following the sale, the chief executive officer now directly owns 220,509 shares of the company’s stock, valued at approximately $4,998,939.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,200 shares of company stock worth $1,244,244. Company insiders own 0.69% of the company’s stock.

NASDAQ:SABR traded up $0.55 during trading hours on Thursday, hitting $23.15. 30,191 shares of the stock traded hands, compared to its average volume of 1,030,393. The firm has a 50 day moving average price of $22.58 and a 200 day moving average price of $22.83. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.43. Sabre Corp has a fifty-two week low of $19.41 and a fifty-two week high of $25.44. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.38 and a beta of 0.75.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $996.61 million. Sabre had a return on equity of 30.10% and a net margin of 5.89%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. Research analysts predict that Sabre Corp will post 0.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 20th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.56 annualized dividend and a yield of 2.42%. Sabre’s dividend payout ratio is presently 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.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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