Sabre Co. (NASDAQ:SABR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Sabre Co. (NASDAQ:SABR) by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,263 shares of the information technology services provider’s stock after selling 50,187 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sabre were worth $184,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre in the 2nd quarter valued at $26,000. Wellington Wealth Strategies LLC. purchased a new stake in Sabre during the second quarter worth about $32,000. International Assets Investment Management LLC lifted its position in shares of Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sabre in the second quarter valued at approximately $34,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sabre in the second quarter valued at approximately $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Down 2.9 %

NASDAQ SABR opened at $3.74 on Monday. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68. The firm has a 50 day moving average of $3.62 and a two-hundred day moving average of $3.24. The stock has a market capitalization of $1.44 billion, a PE ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS. On average, equities research analysts expect that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SABR. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Sabre has a consensus rating of “Hold” and a consensus target price of $3.50.

Sabre 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.