Suntrust Banks Inc. lessened its stake in Sabre Corporation (NASDAQ:SABR) by 25.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,850 shares of the information technology services provider’s stock after selling 10,372 shares during the quarter. Suntrust Banks Inc.’s holdings in Sabre Corporation were worth $649,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SABR. BlackRock Inc. lifted its holdings in shares of Sabre Corporation by 6,499.9% in the 1st quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock valued at $326,459,000 after buying an additional 15,172,817 shares during the period. FIL Ltd lifted its holdings in shares of Sabre Corporation by 433.5% in the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Sabre Corporation by 16,814.3% in the 1st quarter. Citadel Advisors LLC now owns 1,571,148 shares of the information technology services provider’s stock valued at $33,292,000 after buying an additional 1,580,548 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sabre Corporation by 132.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,656,066 shares of the information technology services provider’s stock valued at $57,823,000 after buying an additional 1,513,581 shares during the period. Finally, FMR LLC lifted its holdings in shares of Sabre Corporation by 10.7% in the 1st quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock valued at $227,434,000 after buying an additional 1,038,669 shares during the period.

Sabre Corporation (NASDAQ SABR) opened at 18.16 on Friday. The company has a 50-day moving average price of $18.12 and a 200-day moving average price of $21.00. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.35. The firm has a market cap of $5.06 billion, a PE ratio of 38.31 and a beta of 0.74.

Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities analysts predict that Sabre Corporation will post $1.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a $0.14 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 3.08%. Sabre Corporation’s payout ratio is currently 116.67%.

Several equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $20.00 in a report on Monday, September 11th. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price target (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Mizuho reaffirmed a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.00.

In other news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the sale, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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Sabre Corporation Profile

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 Corporation (NASDAQ:SABR)

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