Laurion Capital Management LP Trims Holdings in Sabre Corp (SABR)

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Laurion Capital Management LP reduced its holdings in shares of Sabre Corp (NASDAQ:SABR) by 82.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 489,290 shares of the information technology services provider’s stock after selling 2,286,154 shares during the period. Laurion Capital Management LP’s holdings in Sabre were worth $12,056,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SABR. Oregon Public Employees Retirement Fund increased its stake in shares of Sabre by 11.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 88,127 shares of the information technology services provider’s stock worth $2,171,000 after purchasing an additional 9,299 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Sabre in the second quarter worth $24,302,000. BlueMountain Capital Management LLC purchased a new stake in shares of Sabre in the second quarter worth $637,000. Korea Investment CORP increased its stake in shares of Sabre by 201.1% in the second quarter. Korea Investment CORP now owns 220,400 shares of the information technology services provider’s stock worth $5,431,000 after purchasing an additional 147,200 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in shares of Sabre by 22.5% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 50,333 shares of the information technology services provider’s stock worth $1,240,000 after purchasing an additional 9,255 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

In other Sabre news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $251,804,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lake Group L.L.C. Silver sold 6,155,616 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $152,166,827.52. The disclosure for this sale can be found here. Insiders have sold 16,368,761 shares of company stock valued at $404,655,441 in the last quarter. 0.67% of the stock is owned by company insiders.

Shares of NASDAQ:SABR opened at $25.72 on Thursday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.09 and a quick ratio of 1.09. Sabre Corp has a fifty-two week low of $17.49 and a fifty-two week high of $26.78. The firm has a market cap of $7.18 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.78 and a beta of 0.67.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The business had revenue of $984.38 million during the quarter, compared to analyst estimates of $946.40 million. During the same quarter last year, the business earned $0.35 earnings per share. Sabre’s quarterly revenue was up 9.3% compared to the same quarter last year. research analysts anticipate that Sabre Corp will post 1.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 21st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $0.56 annualized dividend and a yield of 2.18%. Sabre’s dividend payout ratio (DPR) is currently 43.08%.

A number of brokerages have recently issued reports on SABR. Cowen set a $30.00 price objective on shares of Sabre and gave the stock a “buy” rating in a research note on Thursday, July 19th. BidaskClub lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. Imperial Capital restated a “buy” rating and set a $31.00 target price on shares of Sabre in a research report on Wednesday, August 1st. Finally, ValuEngine lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $26.63.

About Sabre

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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