LS Investment Advisors LLC Has $501,000 Position in Sabre Corp (SABR)

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LS Investment Advisors LLC increased its stake in shares of Sabre Corp (NASDAQ:SABR) by 23.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,144 shares of the information technology services provider’s stock after purchasing an additional 4,411 shares during the quarter. LS Investment Advisors LLC’s holdings in Sabre were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in Sabre in the third quarter valued at approximately $396,000. Bank of Montreal Can grew its holdings in Sabre by 56.9% in the third quarter. Bank of Montreal Can now owns 1,170,165 shares of the information technology services provider’s stock valued at $30,517,000 after purchasing an additional 424,431 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of Sabre by 27.9% in the third quarter. Standard Life Aberdeen plc now owns 15,240 shares of the information technology services provider’s stock worth $398,000 after acquiring an additional 3,323 shares during the last quarter. W.E. Donoghue & Co. LLC boosted its stake in shares of Sabre by 100.2% in the third quarter. W.E. Donoghue & Co. LLC now owns 38,081 shares of the information technology services provider’s stock worth $993,000 after acquiring an additional 19,061 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Sabre by 4.9% in the third quarter. William Blair Investment Management LLC now owns 2,000,030 shares of the information technology services provider’s stock worth $52,161,000 after acquiring an additional 92,845 shares during the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Lawrence W. Kellner sold 5,944 shares of Sabre stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $25.01, for a total transaction of $148,659.44. Following the transaction, the director now owns 214,998 shares in the company, valued at $5,377,099.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jami Kindle sold 8,719 shares of Sabre stock in a transaction that occurred on Tuesday, December 4th. The stock was 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 approximately $443,188.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,783 shares of company stock worth $779,284. 0.67% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on SABR. BidaskClub lowered Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Imperial Capital reaffirmed a “buy” rating and issued a $33.00 price target on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Deutsche Bank lowered Sabre from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a research note on Thursday, December 13th. Finally, Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sabre in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.00.

Shares of Sabre stock opened at $23.45 on Tuesday. Sabre Corp has a one year low of $18.52 and a one year high of $26.78. The company has a market cap of $6.53 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.66 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58.

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Sabre Company 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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