Sabre Corporation (NASDAQ:SABR) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Sabre Corporation (NASDAQ:SABR) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 213,798 shares of the information technology services provider’s stock after selling 5,491 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sabre worth $600,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its stake in shares of Sabre by 831.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after buying an additional 5,230,239 shares during the last quarter. Northern Trust Corp raised its stake in shares of Sabre by 7.8% during the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider’s stock valued at $16,751,000 after buying an additional 333,690 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Sabre by 25.5% during the 4th quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider’s stock valued at $13,583,000 after buying an additional 755,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sabre by 38.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock valued at $13,198,000 after buying an additional 1,007,871 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Sabre by 35.4% during the 4th quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock valued at $12,892,000 after buying an additional 922,693 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 2.3%

Shares of Sabre stock opened at $3.18 on Friday. Sabre Corporation has a twelve month low of $1.93 and a twelve month high of $4.63. The business has a 50-day moving average price of $2.64 and a 200 day moving average price of $3.10. The firm has a market cap of $1.23 billion, a PE ratio of -7.23 and a beta of 1.38.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $776.62 million during the quarter, compared to analysts’ expectations of $794.65 million. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Sabre Corporation will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

SABR has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research note on Tuesday, April 1st. Morgan Stanley cut their price target on Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and lifted their price target for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.28.

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.