Fundsmith Reduces $21M in Sabre Corporation ($SABR)
Key Points
- Fundsmith changed its Sabre Corporation ($SABR) stake by 58.07% last quarter, cutting to 9,013,783 shares worth $15.32 million.
- Wall Street's consensus rating on $SABR is Hold and an average price target of $1.99.
- $SABR last traded around $1.70.
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Fundsmith reduced its position in Sabre Corporation ($SABR) by 58.07% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,013,783 shares of Sabre Corporation after selling 12,485,312 shares during the quarter. Fundsmith's holdings in Sabre Corporation were worth $15.32 million as of its most recent filing.
Sabre Corporation Stock Down 22.7%
Shares of Sabre Corporation ($SABR) traded around $1.70 on Saturday, down 22.7% for the day.
Sabre Corporation Earnings
Analysts Set New Price Targets
About Sabre Corporation
Sabre Corporation, together with its subsidiaries, operates as a software and technology company for the travel industry in the United States, Europe, Asia-Pacific, and internationally. It offers the Sabre Mosaic marketplace, a business-to-business travel marketplace that provides travel solutions for travel suppliers and buyers. The company also provides software technology products and solutions for airlines and other travel suppliers, including reservation systems for full-cost and low-cost carriers, commercial and operations products, agency solutions, and data-driven intelligence solutions. In addition, it offers SabreMosaic Airline Technology, an offer and order retailing platform for airlines. The company serves travel suppliers, such as airlines, hotels and other lodging providers, car rental brands, rail carriers, cruise lines, tour operators, attractions and services; a network of travel buyers, including online and offline travel agencies, travel management companies, and corporate travel departments; and airports, governments and tourism boards. Sabre Corporation was founded in 1960 and is headquartered in Southlake, Texas.
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