Sabre Corp (SABR) Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Sabre Corp (NASDAQ:SABR) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,126 shares of the information technology services provider’s stock after selling 6,646 shares during the period. JPMorgan Chase & Co.’s holdings in Sabre were worth $1,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Sabre in the 2nd quarter worth approximately $27,613,000. Bank of New York Mellon Corp raised its holdings in Sabre by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,663,952 shares of the information technology services provider’s stock worth $48,219,000 after acquiring an additional 7,886 shares during the last quarter. Northern Trust Corp raised its holdings in Sabre by 67.5% in the 2nd quarter. Northern Trust Corp now owns 2,005,364 shares of the information technology services provider’s stock worth $43,657,000 after acquiring an additional 808,017 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Sabre by 64.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 63,753 shares of the information technology services provider’s stock worth $1,388,000 after acquiring an additional 24,992 shares during the last quarter. Finally, State Street Corp raised its holdings in Sabre by 72.5% in the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock worth $141,819,000 after acquiring an additional 2,738,529 shares during the last quarter.

Shares of Sabre Corp (NASDAQ:SABR) opened at $20.51 on Friday. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.89 and a quick ratio of 0.89. Sabre Corp has a 1 year low of $17.30 and a 1 year high of $25.33. The company has a market cap of $5,640.00, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 4.85 and a beta of 0.76.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. equities analysts expect that Sabre Corp will post 1.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Wednesday, December 20th. Sabre’s dividend payout ratio (DPR) is presently 81.16%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday. Evercore ISI lowered shares of Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Oppenheimer restated a “buy” rating and issued a $24.00 price objective on shares of Sabre in a report on Wednesday, November 1st. Finally, Cowen set a $23.00 price objective on shares of Sabre and gave the stock a “buy” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.67.

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About Sabre

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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