ANTIPODES PARTNERS Ltd Takes $278,000 Position in Sabre Corporation $SABR

ANTIPODES PARTNERS Ltd bought a new stake in Sabre Corporation (NASDAQ:SABR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 87,855 shares of the information technology services provider’s stock, valued at approximately $278,000.

A number of other institutional investors have also modified their holdings of SABR. Teacher Retirement System of Texas acquired a new position in shares of Sabre in the first quarter valued at approximately $151,000. Principal Financial Group Inc. increased its holdings in shares of Sabre by 2.6% in the first quarter. Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider’s stock valued at $5,402,000 after purchasing an additional 48,906 shares during the period. Envestnet Asset Management Inc. grew its holdings in Sabre by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock worth $4,731,000 after acquiring an additional 9,880 shares during the period. Optimist Retirement Group LLC acquired a new position in Sabre during the first quarter worth $193,000. Finally, Allianz Asset Management GmbH grew its holdings in Sabre by 27.8% during the first quarter. Allianz Asset Management GmbH now owns 2,617,378 shares of the information technology services provider’s stock worth $7,355,000 after acquiring an additional 569,972 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

SABR opened at $2.05 on Friday. The business’s fifty day moving average is $1.85 and its two-hundred day moving average is $2.39. The company has a market cap of $806.77 million, a price-to-earnings ratio of -2.25 and a beta of 1.52. Sabre Corporation has a one year low of $1.69 and a one year high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) EPS for the quarter. The business had revenue of $687.15 million during the quarter, compared to the consensus estimate of $718.16 million. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. On average, analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SABR shares. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Rothschild & Co Redburn lowered Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a report on Friday, August 15th. Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $4.00 to $3.00 in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sabre in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.80.

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.