Vanguard Group Inc. Trims Stock Position in Sabre Corporation $SABR

Vanguard Group Inc. decreased its stake in Sabre Corporation (NASDAQ:SABR) by 19.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,832,842 shares of the information technology services provider’s stock after selling 8,265,434 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Sabre worth $61,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SABR. Royal Bank of Canada raised its position in Sabre by 46.9% during the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock valued at $491,000 after acquiring an additional 55,840 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after purchasing an additional 9,923 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sabre during the 1st quarter valued at approximately $140,000. Jones Financial Companies Lllp lifted its stake in shares of Sabre by 265.7% in the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after purchasing an additional 208,371 shares during the period. Finally, United Services Automobile Association purchased a new stake in Sabre during the first quarter worth $80,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SABR shares. Wall Street Zen cut shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Sanford C. Bernstein restated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a research report on Tuesday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 target price on shares of Sabre in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $2.35.

Sabre Trading Down 1.9%

SABR stock opened at $1.59 on Friday. Sabre Corporation has a 12-month low of $0.81 and a 12-month high of $4.01. The stock has a market cap of $628.32 million, a price-to-earnings ratio of 1.37 and a beta of 1.02. The business’s 50-day moving average is $1.26 and its 200 day moving average is $1.58.

Sabre (NASDAQ:SABR) last announced its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $666.53 million for the quarter, compared to analyst estimates of $654.08 million. As a group, equities analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Sabre 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.