New York State Teachers Retirement System Grows Position in Sabre Corp (SABR)

New York State Teachers Retirement System boosted its position in shares of Sabre Corp (NASDAQ:SABR) by 27.3% in the fourth quarter, Holdings Channel reports. The firm owned 124,585 shares of the information technology services provider’s stock after purchasing an additional 26,700 shares during the period. New York State Teachers Retirement System’s holdings in Sabre were worth $2,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SABR. Vanguard Group Inc raised its holdings in Sabre by 18.2% during the third quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after buying an additional 3,669,394 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sabre by 18.2% during the third quarter. Vanguard Group Inc. now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after buying an additional 3,669,394 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sabre by 229.4% during the third quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock valued at $53,525,000 after buying an additional 1,429,316 shares in the last quarter. BlackRock Inc. raised its holdings in Sabre by 4.2% during the third quarter. BlackRock Inc. now owns 23,542,320 shares of the information technology services provider’s stock valued at $613,983,000 after buying an additional 950,998 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Sabre by 72.7% during the fourth quarter. Bank of Montreal Can now owns 2,021,060 shares of the information technology services provider’s stock valued at $43,735,000 after buying an additional 850,895 shares in the last quarter. 96.69% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Judson Wade Jones sold 7,064 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $25.07, for a total transaction of $177,094.48. Following the transaction, the insider now directly owns 30,932 shares in the company, valued at $775,465.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jami Kindle sold 8,719 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $26.05, for a total value of $227,129.95. Following the transaction, the vice president now owns 17,013 shares in the company, valued at $443,188.65. The disclosure for this sale can be found here. Insiders sold 30,783 shares of company stock worth $779,284 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Sabre stock opened at $23.71 on Monday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $6.53 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.84. Sabre Corp has a 52 week low of $17.91 and a 52 week high of $26.78.

Several equities analysts have weighed in on SABR shares. Berenberg Bank started coverage on Sabre in a report on Monday, January 14th. They set a “sell” rating and a $18.00 target price on the stock. Bank of America lowered Sabre from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Zacks Investment Research lowered Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Oppenheimer reiterated a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. Finally, BidaskClub upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.00.

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Sabre Profile

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