8,079 Shares in Sabre Corp (SABR) Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new stake in shares of Sabre Corp (NASDAQ:SABR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,079 shares of the information technology services provider’s stock, valued at approximately $211,000.

Other large investors have also bought and sold shares of the company. River Road Asset Management LLC increased its holdings in Sabre by 20.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,706,755 shares of the information technology services provider’s stock valued at $44,512,000 after purchasing an additional 291,488 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Sabre by 302.5% during the 3rd quarter. Sterling Capital Management LLC now owns 140,771 shares of the information technology services provider’s stock valued at $3,671,000 after purchasing an additional 105,796 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Sabre during the 3rd quarter valued at $3,201,000. State Board of Administration of Florida Retirement System increased its holdings in Sabre by 3.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 262,330 shares of the information technology services provider’s stock valued at $6,842,000 after purchasing an additional 8,074 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Sabre by 1,608.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,503 shares of the information technology services provider’s stock valued at $9,870,000 after purchasing an additional 356,350 shares in the last quarter.

In other news, Director Lawrence W. Kellner sold 15,000 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $25.00, for a total value of $375,000.00. Following the transaction, the director now directly owns 229,219 shares in the company, valued at approximately $5,730,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judy C. Odom sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the transaction, the director now owns 41,039 shares in the company, valued at $1,016,946.42. The disclosure for this sale can be found here. Insiders sold a total of 85,354 shares of company stock worth $2,192,004 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Shares of SABR opened at $25.55 on Friday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.56 and a beta of 0.69. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14. Sabre Corp has a 52 week low of $17.91 and a 52 week high of $26.78.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Analysts forecast that Sabre Corp will post 1.36 EPS for the current year.

A number of research analysts have commented on the company. Cowen set a $30.00 price objective on Sabre and gave the company a “buy” rating in a research report on Thursday, July 19th. ValuEngine upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. BidaskClub upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Zacks Investment Research lowered Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Morgan Stanley increased their price objective on Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Sabre has a consensus rating of “Hold” and a consensus price target of $28.00.

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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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