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.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, October 31st. The information technology services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $996.61 million. Sabre had a net margin of 5.89% and a return on equity of 30.10%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, analysts forecast that Sabre Corp will post 0.82 EPS for the current fiscal year.

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 Profile

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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