Sabre Corporation $SABR Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Sabre Corporation (NASDAQ:SABR) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 710,200 shares of the information technology services provider’s stock after selling 10,400 shares during the period. Swiss National Bank owned approximately 0.18% of Sabre worth $1,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SABR. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the 1st quarter worth $28,000. Blueshift Asset Management LLC acquired a new stake in shares of Sabre during the 1st quarter worth $31,000. Abacus Planning Group Inc. acquired a new stake in shares of Sabre during the 1st quarter worth $38,000. Bank of Nova Scotia acquired a new stake in shares of Sabre during the 1st quarter worth $39,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sabre during the 4th quarter worth $45,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Price Performance

Shares of SABR opened at $1.79 on Friday. The stock’s 50-day moving average is $2.78 and its two-hundred day moving average is $2.89. The stock has a market cap of $706.17 million, a PE ratio of -1.97 and a beta of 1.47. Sabre Corporation has a 12 month low of $1.73 and a 12 month high of $4.63.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $687.15 million during the quarter, compared to the consensus estimate of $718.16 million. Sabre’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. On average, research analysts anticipate that Sabre Corporation will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SABR shares. Morgan Stanley restated a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Redburn Atlantic cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Finally, Rothschild & Co Redburn cut Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a research note on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.80.

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.