RBF Capital LLC decreased its position in Sabre Corporation (NASDAQ:SABR – Free Report) by 68.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the information technology services provider’s stock after selling 410,313 shares during the quarter. RBF Capital LLC’s holdings in Sabre were worth $276,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its position in shares of Sabre by 22.6% during the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after buying an additional 5,617 shares during the period. Captrust Financial Advisors grew its holdings in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after buying an additional 8,262 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after buying an additional 9,923 shares during the last quarter. Empowered Funds LLC raised its position in Sabre by 12.9% in the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after buying an additional 10,530 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Sabre by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock valued at $1,574,000 after acquiring an additional 10,742 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sabre currently has an average rating of “Reduce” and a consensus price target of $1.97.
Sabre Price Performance
Shares of NASDAQ:SABR opened at $1.87 on Friday. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.59. Sabre Corporation has a one year low of $0.81 and a one year high of $3.10. The stock has a market capitalization of $739.24 million, a PE ratio of 1.72 and a beta of 0.96.
Sabre (NASDAQ:SABR – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. On average, analysts anticipate that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.
Sabre Company Profile
Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.
Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.
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