Invesco Ltd. Cuts Stock Position in Sabre Corporation $SABR

Invesco Ltd. cut its holdings in shares of Sabre Corporation (NASDAQ:SABR) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,636,956 shares of the information technology services provider’s stock after selling 18,024 shares during the period. Invesco Ltd. owned about 0.68% of Sabre worth $7,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SABR. Renaissance Technologies LLC purchased a new stake in Sabre during the fourth quarter worth about $130,000. Barclays PLC increased its stake in Sabre by 7.9% during the fourth quarter. Barclays PLC now owns 848,753 shares of the information technology services provider’s stock worth $3,096,000 after purchasing an additional 62,328 shares during the period. Mariner LLC grew its position in shares of Sabre by 17.1% during the fourth quarter. Mariner LLC now owns 106,969 shares of the information technology services provider’s stock worth $390,000 after buying an additional 15,584 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Sabre by 188.1% during the fourth quarter. Guggenheim Capital LLC now owns 35,249 shares of the information technology services provider’s stock worth $129,000 after buying an additional 23,013 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Sabre by 65.3% during the fourth quarter. First Trust Advisors LP now owns 1,184,139 shares of the information technology services provider’s stock worth $4,322,000 after buying an additional 467,579 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Trading Down 3.4%

SABR stock opened at $1.73 on Tuesday. The company has a market capitalization of $682.51 million, a P/E ratio of -1.90 and a beta of 1.47. Sabre Corporation has a twelve month low of $1.72 and a twelve month high of $4.63. The business has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $2.87.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data 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 analyst estimates of $718.16 million. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. Research analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SABR has been the subject of a number of analyst reports. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price target for the company. in a report on Friday, August 15th. Redburn Atlantic downgraded Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.