Van ECK Associates Corp Has $4.37 Million Stake in Sabre Co. (NASDAQ:SABRP)

Van ECK Associates Corp lifted its stake in Sabre Co. (NASDAQ:SABRP – Get Rating) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,903 shares of the company’s stock after purchasing an additional 527 shares during the period. Van ECK Associates Corp’s holdings in Sabre were worth $4,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC grew its stake in Sabre by 3.0% in the 1st quarter. Jane Street Group LLC now owns 10,733 shares of the company’s stock valued at $1,559,000 after buying an additional 310 shares during the last quarter. BlackRock Inc. boosted its holdings in Sabre by 1.5% in the 3rd quarter. BlackRock Inc. now owns 262,833 shares of the company’s stock valued at $18,761,000 after purchasing an additional 3,960 shares during the period. Bank of America Corp DE boosted its holdings in Sabre by 2,218.7% in the 1st quarter. Bank of America Corp DE now owns 50,176 shares of the company’s stock valued at $7,287,000 after purchasing an additional 48,012 shares during the period. Chicago Capital Management LLC boosted its holdings in Sabre by 114.4% in the 3rd quarter. Chicago Capital Management LLC now owns 91,986 shares of the company’s stock valued at $6,566,000 after purchasing an additional 49,087 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in shares of Sabre by 16.0% during the 3rd quarter. Two Sigma Investments LP now owns 363,000 shares of the company’s stock worth $25,911,000 after acquiring an additional 50,000 shares during the period.

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Sabre Trading Up 0.5 %

SABRP stock opened at $54.90 on Thursday. Sabre Co. has a 1 year low of $53.54 and a 1 year high of $106.76. The company has a 50 day simple moving average of $60.47 and a 200 day simple moving average of $74.46.

Sabre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $1.625 dividend. This represents a $6.50 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend is Friday, May 12th.

Sabre Company Profile

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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions 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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