AMG National Trust Bank grew its position in shares of Sabre Corp (NASDAQ:SABR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,857 shares of the information technology services provider’s stock after acquiring an additional 1,347 shares during the quarter. AMG National Trust Bank’s holdings in Sabre were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Sabre during the third quarter valued at approximately $25,000. Alpha Windward LLC purchased a new position in shares of Sabre during the second quarter valued at approximately $26,000. Rehmann Capital Advisory Group purchased a new position in shares of Sabre during the second quarter valued at approximately $43,000. Point72 Hong Kong Ltd purchased a new position in shares of Sabre during the second quarter valued at approximately $56,000. Finally, Financial Gravity Wealth Inc. boosted its position in shares of Sabre by 303.1% during the second quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock valued at $66,000 after buying an additional 2,240 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
In other news, EVP Judson Wade Jones sold 4,300 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.74, for a total transaction of $102,082.00. Following the transaction, the executive vice president now owns 49,803 shares of the company’s stock, valued at approximately $1,182,323.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean E. Menke sold 17,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $22.33, for a total value of $379,610.00. Following the transaction, the chief executive officer now directly owns 203,509 shares in the company, valued at approximately $4,544,355.97. The disclosure for this sale can be found here. Insiders have sold a total of 59,500 shares of company stock worth $1,342,416 in the last ninety days. Insiders own 0.69% of the company’s stock.
SABR stock traded down $0.08 during midday trading on Wednesday, hitting $22.39. The company’s stock had a trading volume of 892,842 shares, compared to its average volume of 1,924,403. The stock’s 50-day moving average price is $22.13 and its 200 day moving average price is $22.55. 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 1 year low of $19.41 and a 1 year high of $25.76. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 5.10 and a beta of 0.74.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Sabre had a return on equity of 30.10% and a net margin of 5.89%. The business had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $996.61 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts forecast that Sabre Corp will post 0.82 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a research report on Wednesday, November 6th. TheStreet cut Sabre from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd. Finally, BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Sabre presently has an average rating of “Hold” and a consensus target price of $24.44.
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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