Epoch Investment Partners Inc. cut its stake in Sabre Corp (NASDAQ:SABR) by 34.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,966,417 shares of the information technology services provider’s stock after selling 1,012,183 shares during the period. Epoch Investment Partners Inc.’s holdings in Sabre were worth $51,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new position in Sabre in the 2nd quarter valued at approximately $217,000. Massachusetts Financial Services Co. MA lifted its position in Sabre by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 893,346 shares of the information technology services provider’s stock valued at $22,012,000 after acquiring an additional 22,492 shares in the last quarter. Aperio Group LLC lifted its position in Sabre by 24.9% in the 2nd quarter. Aperio Group LLC now owns 41,420 shares of the information technology services provider’s stock valued at $1,021,000 after acquiring an additional 8,249 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Sabre by 33.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 786,667 shares of the information technology services provider’s stock valued at $19,383,000 after acquiring an additional 195,418 shares in the last quarter. Finally, Comerica Bank lifted its position in Sabre by 8.6% in the 2nd quarter. Comerica Bank now owns 191,209 shares of the information technology services provider’s stock valued at $5,054,000 after acquiring an additional 15,096 shares in the last quarter. 95.89% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SABR opened at $25.57 on Friday. The firm has a market cap of $6.93 billion, a PE ratio of 18.11, a PEG ratio of 2.59 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58. Sabre Corp has a 1-year low of $17.91 and a 1-year high of $26.78.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $970.28 million for the quarter, compared to analysts’ expectations of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, analysts forecast that Sabre Corp will post 1.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.19%. Sabre’s payout ratio is 43.08%.

Several equities analysts recently issued reports on SABR shares. BidaskClub cut Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Imperial Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. Morgan Stanley increased their price target on Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research reissued a “buy” rating and set a $27.00 price target on shares of Sabre in a report on Thursday, November 15th. Finally, Oppenheimer reissued a “buy” rating on shares of Sabre in a report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.14.

In other news, Director Lawrence W. Kellner sold 5,944 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $25.01, for a total value of $148,659.44. Following the completion of the sale, the director now directly owns 214,998 shares in the company, valued at approximately $5,377,099.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jami Kindle sold 8,719 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 17,013 shares of the company’s stock, valued at $443,188.65. The disclosure for this sale can be found here. Insiders have sold a total of 94,073 shares of company stock worth $2,419,193 over the last three months. Insiders own 0.67% of the company’s stock.

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About Sabre

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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