Global Financial Private Capital LLC Buys New Stake in Sabre Corp (SABR)

Global Financial Private Capital LLC bought a new position in shares of Sabre Corp (NASDAQ:SABR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 130,920 shares of the information technology services provider’s stock, valued at approximately $2,833,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Chicago Equity Partners LLC acquired a new position in Sabre during the fourth quarter worth about $731,000. Smithfield Trust Co. acquired a new position in shares of Sabre in the fourth quarter valued at approximately $144,000. BB&T Securities LLC acquired a new position in shares of Sabre in the fourth quarter valued at approximately $283,000. Securian Asset Management Inc raised its position in shares of Sabre by 9.5% in the fourth quarter. Securian Asset Management Inc now owns 33,557 shares of the information technology services provider’s stock valued at $726,000 after buying an additional 2,900 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Sabre in the fourth quarter valued at approximately $1,274,000. Institutional investors own 96.69% of the company’s stock.

In related news, Director Lawrence W. Kellner sold 9,056 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $25.00, for a total transaction of $226,400.00. Following the completion of the transaction, the director now owns 220,942 shares of the company’s stock, valued at $5,523,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence W. Kellner sold 5,944 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $25.01, for a total transaction of $148,659.44. Following the transaction, the director now directly owns 214,998 shares of the company’s stock, valued at approximately $5,377,099.98. The disclosure for this sale can be found here. Insiders have sold 30,783 shares of company stock valued at $779,284 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

Shares of SABR stock opened at $23.45 on Tuesday. Sabre Corp has a one year low of $18.52 and a one year high of $26.78. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.58. The company has a market cap of $6.53 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.66 and a beta of 0.84.

A number of research firms have recently weighed in on SABR. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Berenberg Bank began coverage on shares of Sabre in a research report on Monday, January 14th. They issued a “sell” rating and a $18.00 price objective for the company. Bank of America lowered shares of Sabre from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Zacks Investment Research lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Deutsche Bank lowered shares of Sabre from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $27.00 in a research report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.00.

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Sabre Company Profile

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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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