Sabre Co. (NASDAQ:SABR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC decreased its position in shares of Sabre Co. (NASDAQ:SABR) by 21.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 648,145 shares of the information technology services provider’s stock after selling 178,296 shares during the quarter. Tidal Investments LLC’s holdings in Sabre were worth $2,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in shares of Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 8,454 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 6,298 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Sabre in the 4th quarter valued at $45,000. Briaud Financial Planning Inc acquired a new stake in Sabre during the 4th quarter worth $51,000. Finally, Sprott Inc. purchased a new position in Sabre during the 4th quarter worth $55,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Down 0.8%

Shares of Sabre stock opened at $2.58 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The company’s 50-day simple moving average is $2.59 and its 200-day simple moving average is $3.28.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) EPS. Equities research analysts anticipate that Sabre Co. will post 0.04 EPS for the current year.

Analyst Ratings Changes

SABR has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and upped their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Morgan Stanley lowered their target price on Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.28.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.