Sabre Corporation $SABR Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Sabre Corporation (NASDAQ:SABR) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 8.58% of Sabre worth $61,914,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Par Capital Management Inc. increased its holdings in shares of Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after acquiring an additional 7,082,948 shares in the last quarter. U S Global Investors Inc. boosted its stake in Sabre by 54.0% in the 3rd quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock worth $15,915,000 after purchasing an additional 3,049,688 shares in the last quarter. Simcoe Capital Management LLC purchased a new stake in Sabre during the 2nd quarter worth approximately $7,649,000. Discerene Group LP grew its position in Sabre by 11.2% during the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock worth $67,126,000 after purchasing an additional 2,132,064 shares during the last quarter. Finally, Third Point LLC acquired a new position in Sabre during the 2nd quarter valued at approximately $2,370,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sabre Trading Down 1.9%

SABR 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 firm has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.58. The firm has a market capitalization of $628.32 million, a PE ratio of 1.37 and a beta of 1.02.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $666.53 million during the quarter, compared to analysts’ expectations of $654.08 million. As a group, analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

About Sabre

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.