Sabre Corporation $SABR Stock: Penn Capital Management Company LLC Cuts Position

Penn Capital Management Company LLC reduced its position in Sabre Corporation (NASDAQ:SABR) by 81.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 198,897 shares of the information technology services provider’s stock after selling 887,798 shares during the quarter. Penn Capital Management Company LLC’s holdings in Sabre were worth $422,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SABR. Wealthspire Retirement LLC acquired a new position in shares of Sabre during the 1st quarter valued at about $25,000. Vise Technologies Inc. acquired a new stake in shares of Sabre in the second quarter worth $30,000. Allworth Financial LP acquired a new stake in shares of Sabre in the second quarter worth $31,000. Engineers Gate Manager LP acquired a new stake in shares of Sabre in the second quarter worth $31,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Sabre during the second quarter worth $32,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

Shares of SABR opened at $1.77 on Wednesday. Sabre Corporation has a 12-month low of $0.81 and a 12-month high of $2.50. The stock’s 50-day moving average price is $1.92 and its 200 day moving average price is $1.74.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $738.43 million during the quarter, compared to analyst estimates of $731.81 million. Equities analysts predict that Sabre Corporation will post -0.25 EPS for the current year.

Analyst Upgrades and Downgrades

SABR has been the subject of several research analyst reports. Zacks Research cut shares of Sabre from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Citigroup reissued a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $1.75.

Sabre Profile

Sabre Corporation is a travel technology company that operates a global marketplace connecting travel suppliers, including airlines and hotels, with travel agencies and other buyers. Its platform supports the search, booking, and management of travel services. The company also provides software used by airlines and hospitality businesses to manage operations and customer services. Its products include airline reservation and operations systems, hotel technology, and tools for travel agencies to shop for and book travel.