Ameriprise Financial Inc. Reduces Position in Sabre Corp (SABR)

Ameriprise Financial Inc. trimmed its stake in Sabre Corp (NASDAQ:SABR) by 32.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,056 shares of the information technology services provider’s stock after selling 282,614 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.21% of Sabre worth $10,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SABR. Advisor Group Inc. lifted its position in shares of Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $203,000. Citigroup Inc. lifted its holdings in Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after purchasing an additional 4,734 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Sabre by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 254 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in Sabre during the 2nd quarter worth approximately $278,000.

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

Shares of Sabre Corp (SABR) traded up $0.10 during mid-day trading on Thursday, reaching $20.51. The company had a trading volume of 3,260,617 shares, compared to its average volume of 2,418,765. The company has a market cap of $5,640.00, a price-to-earnings ratio of 29.72, a P/E/G ratio of 4.85 and a beta of 0.76. Sabre Corp has a twelve month low of $17.30 and a twelve month high of $25.33. 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 (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same quarter in the previous year, the company posted $0.27 EPS. Sabre’s quarterly revenue was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that Sabre Corp will post 1.22 earnings per share for the current fiscal year.

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

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Sabre 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.

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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