Short Interest in Sabre Co. (NASDAQ:SABRP) Grows By 133.3%

Sabre Co. (NASDAQ:SABRP – Get Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 700 shares, a growth of 133.3% from the April 30th total of 300 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 0.0 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SABRP. Mizuho Securities USA LLC purchased a new position in Sabre in the first quarter valued at $1,352,000. Wolverine Asset Management LLC increased its holdings in Sabre by 10.5% in the first quarter. Wolverine Asset Management LLC now owns 220,001 shares of the company’s stock valued at $32,071,000 after buying an additional 20,888 shares in the last quarter. Fir Tree Capital Management LP purchased a new position in Sabre in the first quarter valued at $4,908,000. Jane Street Group LLC increased its stake in shares of Sabre by 3.0% during the first quarter. Jane Street Group LLC now owns 10,733 shares of the company’s stock worth $1,559,000 after purchasing an additional 310 shares in the last quarter. Finally, Sculptor Capital LP increased its stake in shares of Sabre by 8.8% during the first quarter. Sculptor Capital LP now owns 310,000 shares of the company’s stock worth $45,021,000 after purchasing an additional 25,000 shares in the last quarter.

SABRP opened at $99.27 on Friday. Sabre has a fifty-two week low of $87.67 and a fifty-two week high of $189.77.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Sunday, May 15th will be issued a $1.625 dividend. The ex-dividend date is Thursday, May 12th. This represents a $6.50 dividend on an annualized basis and a yield of 6.55%.

Sabre Company Profile (Get Rating)

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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