Penn Capital Management Company LLC cut its position in shares of Sabre Corporation (NASDAQ:SABR – Free Report) by 81.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 198,897 shares of the information technology services provider’s stock after selling 887,798 shares during the quarter. Penn Capital Management Company LLC’s holdings in Sabre were worth $422,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. acquired a new stake in shares of Sabre in the second quarter valued at $30,000. Engineers Gate Manager LP bought a new position in Sabre during the second quarter valued at about $31,000. Allworth Financial LP bought a new position in Sabre during the second quarter valued at about $31,000. StoneX Group Inc. acquired a new position in Sabre during the third quarter worth about $33,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Sabre during the second quarter worth about $32,000. Institutional investors own 89.42% of the company’s stock.
Sabre Price Performance
Sabre stock opened at $1.77 on Wednesday. The firm’s 50 day simple moving average is $1.92 and its 200-day simple moving average is $1.74. Sabre Corporation has a fifty-two week low of $0.81 and a fifty-two week high of $2.50.
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $738.43 million during the quarter, compared to analysts’ expectations of $731.81 million. On average, analysts forecast that Sabre Corporation will post -0.25 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on SABR shares. Zacks Research cut shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Citigroup restated a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $1.75.
Get Our Latest Stock Report on SABR
About Sabre
Sabre Corporation is a travel technology company that operates a global marketplace connecting travel suppliers, including airlines and hotels, with travel agencies and other buyers. Its platform supports the search, booking, and management of travel services. The company also provides software used by airlines and hospitality businesses to manage operations and customer services. Its products include airline reservation and operations systems, hotel technology, and tools for travel agencies to shop for and book travel.
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