JPMorgan Chase & Co. Buys 1,429,316 Shares of Sabre Corp (SABR)

JPMorgan Chase & Co. grew its stake in shares of Sabre Corp (NASDAQ:SABR) by 229.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,052,359 shares of the information technology services provider’s stock after purchasing an additional 1,429,316 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.75% of Sabre worth $53,525,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Hawaiian Bank bought a new position in shares of Sabre during the third quarter valued at approximately $122,000. Russell Investments Group Ltd. bought a new position in shares of Sabre during the second quarter valued at approximately $156,000. Cerebellum GP LLC bought a new position in shares of Sabre during the third quarter valued at approximately $185,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Sabre during the second quarter valued at approximately $209,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Sabre during the third quarter valued at approximately $211,000.

Shares of NASDAQ SABR opened at $24.72 on Friday. The company has a market cap of $6.78 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69. 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 12-month low of $17.91 and a 12-month high of $26.78.

Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $970.28 million during the quarter, compared to the consensus estimate of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, analysts predict that Sabre Corp will post 1.36 earnings per share for the current year.

In other Sabre news, Director Lawrence W. Kellner sold 9,056 shares of the business’s stock in a transaction 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 sale, the director now directly owns 220,942 shares of the company’s stock, valued at approximately $5,523,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the sale, the insider now directly owns 249,941 shares in the company, valued at $6,498,466. The disclosure for this sale can be found here. Insiders sold 79,410 shares of company stock valued at $2,043,404 over the last 90 days. 0.67% of the stock is currently owned by insiders.

SABR has been the subject of several recent research reports. BidaskClub lowered Sabre from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. ValuEngine downgraded Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley boosted their price objective on Sabre from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Imperial Capital reiterated a “buy” rating and set a $31.00 price objective on shares of Sabre in a research report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Sabre presently has an average rating of “Buy” and an average target price of $28.14.

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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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