Legacy Financial Advisors Inc. Invests $220,000 in Sabre Co. (NASDAQ:SABR)

Legacy Financial Advisors Inc. bought a new stake in Sabre Co. (NASDAQ:SABR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the information technology services provider’s stock, valued at approximately $220,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Sabre by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 17,970 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 3,977 shares during the period. Insigneo Advisory Services LLC raised its position in Sabre by 43.3% in the third quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 4,457 shares during the period. Diversified Trust Co lifted its stake in shares of Sabre by 6.1% during the fourth quarter. Diversified Trust Co now owns 91,682 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 5,292 shares in the last quarter. Bouvel Investment Partners LLC boosted its position in shares of Sabre by 2.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 243,594 shares of the information technology services provider’s stock worth $1,072,000 after buying an additional 5,440 shares during the period. Finally, Creative Planning grew its stake in shares of Sabre by 0.5% in the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock valued at $5,758,000 after buying an additional 6,204 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Cantor Fitzgerald assumed coverage on Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price target on the stock. Mizuho lowered their price objective on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Sabre has an average rating of “Hold” and a consensus target price of $4.00.

Sabre Stock Up 3.9 %

Sabre stock opened at $2.68 on Monday. The firm has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $3.43. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $5.76. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.78 and a beta of 1.69.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $687.05 million during the quarter, compared to analysts’ expectations of $707.89 million. Research analysts expect that Sabre Co. will post -0.21 earnings per share for the current year.

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.