Sabre Corp (SABR) Position Trimmed by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of Sabre Corp (NASDAQ:SABR) by 80.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,181 shares of the information technology services provider’s stock after selling 172,809 shares during the period. First Trust Advisors LP’s holdings in Sabre were worth $745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SABR. FIL Ltd grew its holdings in Sabre by 433.5% during the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after purchasing an additional 8,872,029 shares in the last quarter. BlackRock Inc. grew its holdings in Sabre by 51.4% during the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after purchasing an additional 7,919,869 shares in the last quarter. State Street Corp grew its holdings in Sabre by 72.5% during the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after purchasing an additional 2,738,529 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Sabre by 133.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock valued at $66,813,000 after purchasing an additional 1,754,999 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Sabre by 132.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,656,066 shares of the information technology services provider’s stock valued at $57,823,000 after purchasing an additional 1,513,581 shares in the last quarter.

Sabre Corp (SABR) opened at $19.19 on Thursday. Sabre Corp has a 52 week low of $17.30 and a 52 week high of $27.35. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. The company has a market cap of $5,433.23, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 4.77 and a beta of 0.76.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The firm had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. equities research analysts predict that Sabre Corp will post 1.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.92%. Sabre’s payout ratio is currently 83.58%.

A number of research analysts have commented on the stock. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. Jefferies Group upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, August 15th. Oppenheimer reiterated a “buy” rating and set a $24.00 price objective on shares of Sabre in a research note on Wednesday, November 1st. Cowen set a $23.00 price objective on shares of Sabre and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and set a $22.00 price objective (down from $25.00) on shares of Sabre in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.63.

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Sabre Profile

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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