Sabre Corporation $SABR Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its holdings in Sabre Corporation (NASDAQ:SABR) by 48.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 500,000 shares of the information technology services provider’s stock after selling 474,807 shares during the quarter. Simon Quick Advisors LLC’s holdings in Sabre were worth $725,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. U S Global Investors Inc. grew its position in Sabre by 17.0% in the 4th quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after buying an additional 1,477,143 shares in the last quarter. Mizuho Markets Americas LLC acquired a new position in Sabre during the 4th quarter valued at about $2,720,000. Graham Capital Management L.P. bought a new stake in shares of Sabre during the 4th quarter worth about $6,054,000. Ampfield Management L.P. bought a new stake in shares of Sabre during the 1st quarter worth about $7,505,000. Finally, ING Groep NV acquired a new stake in shares of Sabre in the 4th quarter worth approximately $2,720,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $1.97.

Sabre Stock Performance

Shares of SABR stock opened at $1.74 on Friday. Sabre Corporation has a 1 year low of $0.81 and a 1 year high of $3.29. The business’s fifty day moving average is $1.80 and its 200-day moving average is $1.56. The stock has a market cap of $687.84 million, a PE ratio of 1.60 and a beta of 0.96.

Sabre (NASDAQ:SABR) 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 firm had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Equities research analysts predict that Sabre Corporation will post -0.13 earnings per share for the current 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.