JPMorgan Chase & Co. trimmed its stake in shares of Sabre Corporation (NASDAQ:SABR) by 64.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,772 shares of the information technology services provider’s stock after selling 128,537 shares during the period. JPMorgan Chase & Co.’s holdings in Sabre Corporation were worth $1,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Creative Planning grew its holdings in Sabre Corporation by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the period. Utah Retirement Systems grew its holdings in Sabre Corporation by 1.1% during the second quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock worth $830,000 after acquiring an additional 400 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Sabre Corporation by 2.4% during the second quarter. Xact Kapitalforvaltning AB now owns 30,997 shares of the information technology services provider’s stock worth $675,000 after acquiring an additional 716 shares during the period. Lincoln Capital LLC grew its holdings in Sabre Corporation by 0.5% during the second quarter. Lincoln Capital LLC now owns 181,538 shares of the information technology services provider’s stock worth $3,952,000 after acquiring an additional 827 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Sabre Corporation by 1.0% during the first quarter. Public Employees Retirement System of Ohio now owns 81,958 shares of the information technology services provider’s stock worth $1,737,000 after acquiring an additional 850 shares during the period.

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In related news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Sabre Corporation (NASDAQ:SABR) opened at 18.31 on Tuesday. The stock has a market cap of $5.10 billion, a P/E ratio of 38.63 and a beta of 0.74. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35. The stock has a 50 day moving average price of $18.17 and a 200 day moving average price of $20.89.

Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, equities research analysts forecast that Sabre Corporation will post $1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

Several analysts have commented on SABR shares. Bank of America Corporation lowered Sabre Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $24.00 to $18.00 in a report on Monday, August 7th. BidaskClub lowered Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $20.00 in a report on Monday, September 11th. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.63.

About Sabre Corporation

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 Corporation (NASDAQ:SABR)

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