Pendal Group Ltd decreased its holdings in Sabre Corp (NASDAQ:SABR) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,133 shares of the information technology services provider’s stock after selling 15,196 shares during the period. Pendal Group Ltd’s holdings in Sabre were worth $1,699,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. IFM Investors Pty Ltd grew its stake in Sabre by 17.0% during the third quarter. IFM Investors Pty Ltd now owns 14,058 shares of the information technology services provider’s stock valued at $367,000 after acquiring an additional 2,041 shares in the last quarter. Cambiar Investors LLC grew its stake in Sabre by 1.1% during the second quarter. Cambiar Investors LLC now owns 203,485 shares of the information technology services provider’s stock valued at $5,014,000 after acquiring an additional 2,127 shares in the last quarter. Fox Run Management L.L.C. grew its stake in Sabre by 19.7% during the third quarter. Fox Run Management L.L.C. now owns 13,379 shares of the information technology services provider’s stock valued at $349,000 after acquiring an additional 2,204 shares in the last quarter. Arizona State Retirement System grew its stake in Sabre by 1.4% during the third quarter. Arizona State Retirement System now owns 177,887 shares of the information technology services provider’s stock valued at $4,639,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in Sabre by 16.0% during the third quarter. Cadence Capital Management LLC now owns 17,533 shares of the information technology services provider’s stock valued at $457,000 after acquiring an additional 2,420 shares in the last quarter.
SABR has been the subject of several recent analyst reports. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Morgan Stanley boosted their price objective on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Cowen set a $30.00 price objective on shares of Sabre and gave the company a “buy” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.00.
SABR stock opened at $25.57 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.14 and a quick ratio of 1.14. Sabre Corp has a one year low of $17.91 and a one year high of $26.78. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.60 and a beta of 0.69.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The business had revenue of $970.28 million during the quarter, compared to analysts’ expectations of $944.97 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Sabre Corp will post 1.36 earnings per share for the current fiscal year.
In other Sabre news, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total value of $1,569,204.00. Following the completion of the transaction, the insider now owns 249,941 shares of the company’s stock, valued at approximately $6,498,466. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. Following the completion of the transaction, the director now directly owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The disclosure for this sale can be found here. In the last three months, insiders sold 85,354 shares of company stock valued at $2,192,004. Corporate insiders own 0.67% of the company’s stock.
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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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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