Burgundy Asset Management LTD Lifted Its Sabre Corp. (SABR) Position by $86.96 Million

July 27, 2018 - By Catherine Diaz

Sabre Corporation (NASDAQ:SABR) LogoInvestors sentiment increased to 1.76 in Q1 2018. Its up 0.29, from 1.47 in 2017Q4. It improved, as 19 investors sold SABR shares while 76 reduced holdings. 62 funds opened positions while 105 raised stakes. 289.05 million shares or 1.83% less from 294.44 million shares in 2017Q4 were reported. Capital Fund has invested 0% in Sabre Corporation (NASDAQ:SABR). Moreover, Nordea Management Ab has 0.03% invested in Sabre Corporation (NASDAQ:SABR) for 579,371 shares. Royal Bancorporation Of Canada owns 35,076 shares or 0% of their US portfolio. 564,906 are owned by Fmr Limited Company. Burgundy Asset Limited invested in 3.64% or 18.12M shares. Invesco has invested 0.02% of its portfolio in Sabre Corporation (NASDAQ:SABR). Fjarde Ap reported 73,843 shares. Meiji Yasuda Life Insur holds 16,550 shares or 0.05% of its portfolio. Pnc Ser Group reported 0% stake. Proshare Advisors Llc invested 0% of its portfolio in Sabre Corporation (NASDAQ:SABR). Mackay Shields Ltd Limited Liability Company has invested 0.12% in Sabre Corporation (NASDAQ:SABR). Dsam Prns (London) holds 2.8% of its portfolio in Sabre Corporation (NASDAQ:SABR) for 770,606 shares. Black Creek Investment Inc reported 95,000 shares stake. Moreover, Foyston Gordon Payne has 1.31% invested in Sabre Corporation (NASDAQ:SABR) for 316,666 shares. Texas Permanent School Fund has 149,084 shares.

Burgundy Asset Management Ltd increased its stake in Sabre Corp. (SABR) by 29.63% based on its latest 2018Q1 regulatory filing with the SEC. Burgundy Asset Management Ltd bought 4.14 million shares as the company’s stock rose 0.63% while stock markets declined. The institutional investor held 18.12M shares of the programming company at the end of 2018Q1, valued at $388.62M, up from 13.98M at the end of the previous reported quarter. Burgundy Asset Management Ltd who had been investing in Sabre Corp. for a number of months, seems to be bullish on the $7.22 billion market cap company. The stock decreased 0.34% or $0.09 during the last trading session, reaching $26.27. About 1.21M shares traded. Sabre Corporation (NASDAQ:SABR) has risen 4.27% since July 27, 2017 and is uptrending. It has underperformed by 8.30% the S&P500.

Burgundy Asset Management Ltd, which manages about $19.85 billion and $10.67 billion US Long portfolio, decreased its stake in United Technologies Corp. (NYSE:UTX) by 54,026 shares to 3.41 million shares, valued at $429.60 million in 2018Q1, according to the filing. It also reduced its holding in Ritchie Bros. Auctioneers Inc. (NYSE:RBA) by 1.93 million shares in the quarter, leaving it with 4.26M shares, and cut its stake in Becton Dickinson & Co. (NYSE:BDX).

Another recent and important Sabre Corporation (NASDAQ:SABR) news was published by Seekingalpha.com which published an article titled: “Aerolineas Argentinas renews partnership with Sabre” on July 12, 2018.

Sabre Corporation (NASDAQ:SABR) Ratings Coverage

Among 6 analysts covering Sabre (NASDAQ:SABR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Sabre had 8 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, May 15 by Bank of America. Cowen & Co maintained Sabre Corporation (NASDAQ:SABR) on Wednesday, March 7 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, May 2. The stock has “Outperform” rating by Oppenheimer on Wednesday, May 2. The stock of Sabre Corporation (NASDAQ:SABR) earned “Buy” rating by Deutsche Bank on Wednesday, June 6. Deutsche Bank maintained the shares of SABR in report on Monday, February 26 with “Buy” rating. The firm earned “Buy” rating on Wednesday, February 14 by Cowen & Co.

Sabre Corporation (NASDAQ:SABR) Institutional Positions Chart

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