Prescott Group Capital Management L.L.C. Acquires 74,884 Shares of Sabre Corporation $SABR

Prescott Group Capital Management L.L.C. raised its stake in shares of Sabre Corporation (NASDAQ:SABR) by 39.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,984 shares of the information technology services provider’s stock after buying an additional 74,884 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Sabre were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Blueshift Asset Management LLC bought a new position in shares of Sabre during the first quarter worth $31,000. Triangle Securities Wealth Management purchased a new position in shares of Sabre during the second quarter valued at about $33,000. Park Avenue Securities LLC bought a new position in Sabre during the second quarter valued at approximately $34,000. 626 Financial LLC bought a new stake in Sabre in the 2nd quarter worth approximately $35,000. Finally, Bank of Nova Scotia purchased a new position in shares of Sabre in the first quarter valued at $39,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $1.88 on Friday. The business’s 50 day moving average price is $1.87 and its 200-day moving average price is $2.38. Sabre Corporation has a fifty-two week low of $1.69 and a fifty-two week high of $4.63. The company has a market cap of $741.68 million, a price-to-earnings ratio of 1.53 and a beta of 1.55.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Sell-side analysts predict that Sabre Corporation will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

SABR has been the subject of a number of recent research reports. Rothschild & Co Redburn cut shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective for the company. in a research note on Friday, August 15th. Redburn Atlantic downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Zacks Research lowered Sabre from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Sanford C. Bernstein upgraded Sabre from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Sabre currently has an average rating of “Reduce” and a consensus price target of $3.80.

Sabre 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.