AMG National Trust Bank Grows Stake in Sabre Corp (NASDAQ:SABR)

AMG National Trust Bank raised its stake in Sabre Corp (NASDAQ:SABR) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Sabre in the third quarter valued at about $25,000. Alpha Windward LLC purchased a new position in Sabre in the second quarter valued at about $26,000. Rehmann Capital Advisory Group purchased a new position in Sabre in the second quarter valued at about $43,000. Point72 Hong Kong Ltd purchased a new position in Sabre in the second quarter valued at about $56,000. Finally, Financial Gravity Wealth Inc. boosted its stake in Sabre by 303.1% in 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 acquiring an additional 2,240 shares during the last quarter. Hedge funds and other institutional investors own 95.60% of the company’s stock.

In other news, CEO Sean E. Menke sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $22.36, for a total value of $380,120.00. Following the sale, the chief executive officer now owns 250,038 shares of the company’s stock, valued at $5,590,849.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Wade Jones sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.74, for a total transaction of $102,082.00. Following the completion of the sale, the executive vice president now directly owns 49,803 shares in the company, valued at approximately $1,182,323.22. The disclosure for this sale can be found here. In the last three months, insiders sold 42,500 shares of company stock worth $962,806. Insiders own 0.69% of the company’s stock.

NASDAQ SABR opened at $22.54 on Tuesday. The company’s 50 day moving average is $21.97 and its 200-day moving average is $22.43. Sabre Corp has a 12-month low of $19.41 and a 12-month high of $26.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.43. The firm has a market cap of $6.11 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 4.90 and a beta of 0.78.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Sabre had a net margin of 5.89% and a return on equity of 30.10%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $996.61 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Sabre Corp will post 0.82 EPS for the current year.

A number of research analysts have weighed in on SABR shares. TheStreet cut shares of Sabre from a “b-” rating to a “c+” rating in a research note on Thursday, October 3rd. Bank of America reiterated a “buy” rating and issued a $29.50 target price (up from $25.00) on shares of Sabre in a research note on Friday, August 2nd. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Sabre presently has a consensus rating of “Hold” and an average price target of $24.44.

Sabre Company Profile

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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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