Sabre Corp (SABR) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in Sabre Corp (NASDAQ:SABR) by 286.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 887,125 shares of the information technology services provider’s stock after buying an additional 657,620 shares during the quarter. Prudential Financial Inc.’s holdings in Sabre were worth $23,136,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. IFM Investors Pty Ltd boosted its holdings in shares of Sabre by 17.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,058 shares of the information technology services provider’s stock worth $367,000 after buying an additional 2,041 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Sabre by 19.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 13,379 shares of the information technology services provider’s stock worth $349,000 after buying an additional 2,204 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Sabre by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 177,887 shares of the information technology services provider’s stock worth $4,639,000 after buying an additional 2,400 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Sabre by 16.0% in the 3rd quarter. Cadence Capital Management LLC now owns 17,533 shares of the information technology services provider’s stock worth $457,000 after buying an additional 2,420 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. boosted its holdings in shares of Sabre by 1.6% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 162,808 shares of the information technology services provider’s stock worth $4,246,000 after buying an additional 2,567 shares during the last quarter.

Shares of SABR opened at $24.72 on Monday. Sabre Corp has a twelve month low of $17.91 and a twelve month high of $26.78. The stock has a market cap of $6.81 billion, a PE ratio of 19.02, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The firm had revenue of $970.28 million for the quarter, compared to analysts’ expectations of $944.97 million. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that Sabre Corp will post 1.36 earnings per share for the current fiscal year.

Several research firms have commented on SABR. BidaskClub downgraded shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a report on Thursday, November 15th. Zacks Investment Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of Sabre in a report on Thursday, November 15th. Morgan Stanley upped their price objective on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. Finally, Imperial Capital set a $33.00 price objective on shares of Sabre and gave the company a “buy” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.14.

In other news, Director Judy C. Odom sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. Following the sale, the director now directly owns 41,039 shares in the company, valued at $1,016,946.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lawrence W. Kellner sold 9,056 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $25.00, for a total value of $226,400.00. Following the sale, the director now owns 220,942 shares in the company, valued at $5,523,550. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,410 shares of company stock worth $2,043,404. Company insiders own 0.67% of the company’s stock.

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Sabre 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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