Wells Fargo & Company MN Trims Stake in Sabre Corp (SABR)

Wells Fargo & Company MN cut its holdings in Sabre Corp (NASDAQ:SABR) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,296,837 shares of the information technology services provider’s stock after selling 205,584 shares during the period. Wells Fargo & Company MN owned about 0.47% of Sabre worth $33,821,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SABR. First Hawaiian Bank bought a new stake in shares of Sabre in the 3rd quarter worth about $122,000. Russell Investments Group Ltd. bought a new stake in shares of Sabre in the 2nd quarter worth about $156,000. Cerebellum GP LLC bought a new stake in shares of Sabre in the 3rd quarter worth about $185,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Sabre in the 2nd quarter worth about $209,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Sabre in the 2nd quarter worth about $217,000.

A number of research firms have recently weighed in on SABR. Imperial Capital restated a “buy” rating and issued a $31.00 target price on shares of Sabre in a report on Wednesday, August 1st. ValuEngine downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. BidaskClub downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Morgan Stanley upped their price target on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.14.

Shares of NASDAQ:SABR opened at $24.72 on Friday. The stock has a market cap of $6.81 billion, a P/E ratio of 17.78, a PEG ratio of 2.54 and a beta of 0.69. Sabre Corp has a 12 month low of $17.91 and a 12 month high of $26.78. 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 (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $970.28 million for the quarter, compared to the consensus estimate of $944.97 million. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. On average, equities analysts forecast that Sabre Corp will post 1.36 EPS for the current year.

In other Sabre news, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the sale, the director now directly owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 249,941 shares of the company’s stock, valued at $6,498,466. The disclosure for this sale can be found here. Insiders have sold a total of 79,410 shares of company stock worth $2,043,404 over the last quarter. 0.67% of the stock is currently owned by insiders.

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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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