HighTower Advisors LLC Sells 6,022 Shares of Sabre Corporation $SABR

HighTower Advisors LLC decreased its holdings in Sabre Corporation (NASDAQ:SABR) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,960 shares of the information technology services provider’s stock after selling 6,022 shares during the quarter. HighTower Advisors LLC’s holdings in Sabre were worth $157,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC bought a new position in Sabre in the 1st quarter valued at about $28,000. Blueshift Asset Management LLC purchased a new stake in shares of Sabre in the first quarter valued at about $31,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sabre in the fourth quarter valued at about $45,000. Abacus Planning Group Inc. purchased a new stake in shares of Sabre in the first quarter valued at about $38,000. Finally, Bank of Nova Scotia bought a new position in shares of Sabre during the 1st quarter worth approximately $39,000. Institutional investors own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Redburn Atlantic cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Finally, Rothschild & Co Redburn cut shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 target price on the stock. in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.80.

Sabre Price Performance

Shares of SABR stock opened at $1.72 on Friday. The company’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.79. Sabre Corporation has a 1 year low of $1.69 and a 1 year high of $4.63. The stock has a market capitalization of $678.56 million, a price-to-earnings ratio of -1.89 and a beta of 1.52.

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

About Sabre

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.