Principal Financial Group Inc. Has $6.68 Million Holdings in Sabre Co. (NASDAQ:SABR)

Principal Financial Group Inc. trimmed its stake in Sabre Co. (NASDAQ:SABR) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,820,038 shares of the information technology services provider’s stock after selling 66,322 shares during the period. Principal Financial Group Inc.’s holdings in Sabre were worth $6,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SABR. Wellington Wealth Strategies LLC. bought a new stake in shares of Sabre in the second quarter valued at about $32,000. International Assets Investment Management LLC grew its holdings in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sabre during the second quarter valued at approximately $34,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sabre in the second quarter valued at $35,000. Finally, Zacks Investment Management bought a new position in Sabre in the third quarter worth $41,000. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

SABR opened at $3.65 on Thursday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.63. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -4.62 and a beta of 1.80. The firm’s 50-day simple moving average is $3.73 and its 200-day simple moving average is $3.34.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, sell-side analysts anticipate that Sabre Co. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Sabre presently has a consensus rating of “Hold” and an average price target of $3.50.

Sabre Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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.