First Trust Advisors LP Has $9.18 Million Stock Holdings in Sabre Corp (NASDAQ:SABR)

First Trust Advisors LP lifted its position in Sabre Corp (NASDAQ:SABR) by 10.1% during the third quarter, HoldingsChannel.com reports. The fund owned 409,880 shares of the information technology services provider’s stock after purchasing an additional 37,629 shares during the period. First Trust Advisors LP’s holdings in Sabre were worth $9,179,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cpwm LLC raised its holdings in Sabre by 1.4% during the 2nd quarter. Cpwm LLC now owns 28,748 shares of the information technology services provider’s stock worth $638,000 after buying an additional 402 shares during the period. Sigma Planning Corp raised its holdings in Sabre by 2.1% during the 2nd quarter. Sigma Planning Corp now owns 22,340 shares of the information technology services provider’s stock worth $496,000 after buying an additional 463 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Sabre by 4.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 14,108 shares of the information technology services provider’s stock worth $313,000 after buying an additional 638 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Sabre by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 50,920 shares of the information technology services provider’s stock worth $1,130,000 after buying an additional 730 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Sabre by 29.2% during the 2nd quarter. Advisory Services Network LLC now owns 3,552 shares of the information technology services provider’s stock worth $78,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 96.47% of the company’s stock.

In related news, CEO Sean E. Menke sold 21,200 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $22.67, for a total value of $480,604.00. Following the completion of the transaction, the chief executive officer now directly owns 220,509 shares of the company’s stock, valued at $4,998,939.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean E. Menke sold 17,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $22.36, for a total transaction of $380,120.00. Following the completion of the transaction, the chief executive officer now directly owns 250,038 shares of the company’s stock, valued at $5,590,849.68. The disclosure for this sale can be found here. Insiders sold 42,500 shares of company stock worth $962,806 over the last quarter. 0.69% of the stock is owned by corporate insiders.

NASDAQ SABR opened at $22.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.43. Sabre Corp has a 12-month low of $19.41 and a 12-month high of $26.40. The company has a market capitalization of $6.14 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 5.10 and a beta of 0.78. The firm’s 50 day moving average is $21.92 and its 200-day moving average is $22.42.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Sabre had a net margin of 5.89% and a return on equity of 30.10%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $996.61 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Sabre Corp will post 0.82 EPS for the current year.

Several analysts have commented on the stock. BidaskClub downgraded shares of Sabre from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a report on Wednesday, November 6th. Bank of America reiterated a “buy” rating and issued a $29.50 price objective (up from $25.00) on shares of Sabre in a report on Friday, August 2nd. Finally, TheStreet downgraded shares of Sabre from a “b-” rating to a “c+” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Sabre has a consensus rating of “Hold” and a consensus target price of $24.44.

Sabre Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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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