Thrivent Financial for Lutherans Sells 14,177 Shares of Sabre Co. (NASDAQ:SABR)

Thrivent Financial for Lutherans lessened its position in Sabre Co. (NASDAQ:SABR) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,883 shares of the information technology services provider’s stock after selling 14,177 shares during the period. Thrivent Financial for Lutherans’ holdings in Sabre were worth $1,112,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Sabre by 4.4% during the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after buying an additional 3,270 shares during the period. Xponance Inc. lifted its stake in Sabre by 15.5% in the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Sabre by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after acquiring an additional 4,300 shares during the last quarter. GSA Capital Partners LLP boosted its position in Sabre by 12.9% during the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after acquiring an additional 5,323 shares during the last quarter. Finally, nVerses Capital LLC grew its stake in shares of Sabre by 25.0% during the 3rd quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider’s stock worth $99,000 after acquiring an additional 5,400 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SABR. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.50.

Sabre Trading Up 3.7 %

NASDAQ:SABR opened at $3.91 on Monday. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68. The firm has a fifty day simple moving average of $3.59 and a 200 day simple moving average of $3.21. The stock has a market capitalization of $1.51 billion, a PE ratio of -4.95 and a beta of 1.74.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, equities analysts predict that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Sabre Company 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.