Sabre Corp (NASDAQ:SABR) Holdings Trimmed by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Sabre Corp (NASDAQ:SABR) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,009,609 shares of the information technology services provider’s stock after selling 9,242 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.37% of Sabre worth $22,610,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Alpha Windward LLC purchased a new position in shares of Sabre during the 2nd quarter valued at $26,000. Rehmann Capital Advisory Group purchased a new position in shares of Sabre during the 2nd quarter valued at $43,000. Point72 Hong Kong Ltd purchased a new position in shares of Sabre during the 2nd quarter valued at $56,000. Financial Gravity Wealth Inc. grew its holdings in shares of Sabre by 303.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in shares of Sabre during the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 95.60% of the company’s stock.
SABR stock opened at $22.65 on Friday. The firm has a market cap of $6.11 billion, a PE ratio of 15.95, a PEG ratio of 4.90 and a beta of 0.78. The company has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $22.42. Sabre Corp has a 1 year low of $19.41 and a 1 year high of $26.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.43.
Several equities analysts have recently commented on the stock. Bank of America restated a “buy” rating and set a $29.50 price target (up from $25.00) on shares of Sabre in a report on Friday, August 2nd. TheStreet cut shares of Sabre from a “b-” rating to a “c+” rating in a report on Thursday, October 3rd. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a report on Thursday. Finally, 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 report on Wednesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.44.
In other Sabre news, EVP Judson Wade Jones sold 4,300 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.74, for a total transaction of $102,082.00. Following the sale, the executive vice president now directly owns 49,803 shares of the company’s stock, valued at $1,182,323.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean E. Menke sold 21,200 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was 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 in the company, valued at $4,998,939.03. The disclosure for this sale can be found here. In the last three months, insiders sold 42,500 shares of company stock worth $962,806. 0.69% of the stock is currently owned by insiders.
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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