Sabre Corporation $SABR Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its stake in shares of Sabre Corporation (NASDAQ:SABR) by 48.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500,000 shares of the information technology services provider’s stock after selling 474,807 shares during the period. Simon Quick Advisors LLC owned about 0.13% of Sabre worth $725,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Sabre by 2.1% in the first quarter. Principal Financial Group Inc. now owns 1,921,514 shares of the information technology services provider’s stock valued at $2,786,000 after buying an additional 38,802 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Sabre during the first quarter valued at approximately $57,000. Fifth Third Bancorp lifted its holdings in Sabre by 47,838.7% during the 1st quarter. Fifth Third Bancorp now owns 89,166 shares of the information technology services provider’s stock worth $129,000 after buying an additional 88,980 shares during the last quarter. DGS Capital Management LLC bought a new position in Sabre during the 1st quarter worth approximately $25,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Sabre during the 1st quarter worth approximately $52,000. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Shares of NASDAQ SABR opened at $1.74 on Friday. The firm has a market capitalization of $687.84 million, a PE ratio of 1.60 and a beta of 0.96. 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 price is $1.80 and its two-hundred day moving average price is $1.56.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm had revenue of $760.33 million for the quarter, compared to analyst estimates of $739.02 million. Equities research analysts expect that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $1.97.

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.