U S Global Investors Inc. Sells 2,638,686 Shares of Sabre Corporation $SABR

U S Global Investors Inc. trimmed its position in Sabre Corporation (NASDAQ:SABR) by 25.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,534,906 shares of the information technology services provider’s stock after selling 2,638,686 shares during the period. Sabre makes up 1.3% of U S Global Investors Inc.’s holdings, making the stock its 24th biggest holding. U S Global Investors Inc.’s holdings in Sabre were worth $10,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SABR. Cerity Partners LLC grew its holdings in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after acquiring an additional 5,617 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after acquiring an additional 8,262 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sabre by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after acquiring an additional 9,923 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Sabre by 12.9% during the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after acquiring an additional 10,530 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sabre by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock worth $1,574,000 after purchasing an additional 10,742 shares during the period. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Performance

Shares of Sabre stock traded down $0.06 during midday trading on Friday, reaching $1.85. 2,529,540 shares of the company’s stock traded hands, compared to its average volume of 5,286,550. The company has a market cap of $731.32 million, a PE ratio of 1.70 and a beta of 0.96. The stock has a 50 day moving average of $1.81 and a 200-day moving average of $1.55. Sabre Corporation has a 12 month low of $0.81 and a 12 month high of $3.29.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. On average, equities analysts anticipate that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.