SG Americas Securities LLC reduced its position in Sabre Co. (NASDAQ:SABR – Free Report) by 14.7% in the 4th quarter, HoldingsChannel reports. The firm owned 164,046 shares of the information technology services provider’s stock after selling 28,312 shares during the period. SG Americas Securities LLC’s holdings in Sabre were worth $599,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake 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 acquiring an additional 6,582 shares during the period. Zacks Investment Management bought a new position in shares of Sabre in the third quarter valued at about $41,000. 626 Financial LLC acquired a new stake in shares of Sabre during the 3rd quarter worth about $44,000. MML Investors Services LLC bought a new stake in shares of Sabre during the 3rd quarter worth about $45,000. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in Sabre in the 3rd quarter valued at about $46,000. Institutional investors own 89.42% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on SABR shares. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price target (down from $5.00) on shares of Sabre in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and a consensus target price of $3.25.
Sabre Stock Up 2.4 %
Shares of NASDAQ:SABR opened at $3.39 on Friday. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.44. The company’s 50 day moving average price is $3.62 and its two-hundred day moving average price is $3.43. The firm has a market cap of $1.31 billion, a PE ratio of -4.29, a PEG ratio of 1.88 and a beta of 1.80.
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. On average, research analysts expect that Sabre Co. will post -0.3 EPS for the current year.
About Sabre
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.
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