Sumitomo Mitsui Trust Holdings Inc. cut its position in Sabre Corp (NASDAQ:SABR) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm 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.’s holdings in Sabre were worth $22,610,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpha Windward LLC acquired a new stake in Sabre in the second quarter worth $26,000. Rehmann Capital Advisory Group acquired a new stake in Sabre in the second quarter worth $43,000. Point72 Hong Kong Ltd acquired a new stake in Sabre in the second quarter worth $56,000. Financial Gravity Wealth Inc. raised its holdings in Sabre by 303.1% in the second quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 2,240 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in Sabre in the third quarter worth $67,000. Institutional investors own 95.60% of the company’s stock.
Shares of SABR stock opened at $22.65 on Friday. The firm has a fifty day moving average of $21.99 and a 200-day moving average of $22.42. Sabre Corp has a 12-month low of $19.41 and a 12-month high of $26.40. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 4.90 and a beta of 0.78. The company has a quick ratio of 1.12, a current 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $984.20 million during 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%. Sabre’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. On average, equities analysts expect that Sabre Corp will post 0.82 EPS for the current year.
Several equities research analysts have weighed in on SABR shares. Bank of America reiterated a “buy” rating and issued a $29.50 target price (up from $25.00) on shares of Sabre in a report on Friday, August 2nd. Zacks Investment Research raised shares of Sabre from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research report on Wednesday. BidaskClub downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, TheStreet downgraded shares of Sabre from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Sabre has an average rating of “Hold” and an average target price of $24.44.
In other news, CEO Sean E. Menke sold 17,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $22.36, for a total transaction of $380,120.00. Following the completion of the sale, the chief executive officer now owns 250,038 shares in the company, valued at approximately $5,590,849.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sean E. Menke sold 21,200 shares of the firm’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 owns 220,509 shares of the company’s stock, valued at approximately $4,998,939.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,500 shares of company stock valued at $962,806. 0.69% of the stock is currently owned by corporate 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.
Further Reading: What is the CBOE Russell 2000® Volatility Index?
Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corp (NASDAQ:SABR).
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.