Sabre Corp (SABR) Holdings Cut by River Road Asset Management LLC

River Road Asset Management LLC decreased its holdings in shares of Sabre Corp (NASDAQ:SABR) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 818,783 shares of the information technology services provider’s stock after selling 5,142 shares during the period. River Road Asset Management LLC’s holdings in Sabre were worth $16,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFG Advisory LLC acquired a new position in Sabre during the 4th quarter worth approximately $321,000. Advisor Group Inc. increased its position in Sabre by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sabre during the 4th quarter worth approximately $169,000. Citigroup Inc. boosted its stake in shares of Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after acquiring an additional 4,734 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Sabre by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after acquiring an additional 254 shares in the last quarter.

Shares of Sabre Corp (NASDAQ:SABR) opened at $18.42 on Friday. Sabre Corp has a 52 week low of $17.30 and a 52 week high of $25.01. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $5,326.05, a P/E ratio of 27.49, a P/E/G ratio of 4.60 and a beta of 0.72.

SABR has been the topic of several research analyst reports. Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. TheStreet raised Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. Cowen set a $23.00 price target on Sabre and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Oppenheimer reissued a “buy” rating and set a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.67.

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About Sabre

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.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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