Voya Investment Management LLC Has $2.57 Million Stock Holdings in Sabre Corporation $SABR

Voya Investment Management LLC trimmed its holdings in Sabre Corporation (NASDAQ:SABR) by 19.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 913,992 shares of the information technology services provider’s stock after selling 225,991 shares during the quarter. Voya Investment Management LLC owned 0.24% of Sabre worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Sabre by 57.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,240,538 shares of the information technology services provider’s stock valued at $9,106,000 after acquiring an additional 1,186,716 shares during the period. Nuveen LLC bought a new stake in Sabre during the 1st quarter worth about $3,275,000. Erste Asset Management GmbH grew its position in shares of Sabre by 10.1% during the 1st quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider’s stock worth $30,436,000 after buying an additional 1,000,000 shares during the period. Empyrean Capital Partners LP grew its position in shares of Sabre by 40.0% in the 1st quarter. Empyrean Capital Partners LP now owns 3,500,000 shares of the information technology services provider’s stock valued at $9,835,000 after purchasing an additional 1,000,000 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Sabre by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider’s stock valued at $117,445,000 after purchasing an additional 936,578 shares during the period. 89.42% of the stock is owned by institutional investors.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $1.88 on Friday. The stock has a market cap of $741.68 million, a PE ratio of -2.07 and a beta of 1.52. Sabre Corporation has a fifty-two week low of $1.69 and a fifty-two week high of $4.63. The stock has a fifty day moving average of $2.27 and a 200-day moving average of $2.61.

Sabre (NASDAQ:SABR) last announced its quarterly 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. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. On average, sell-side analysts predict that Sabre Corporation will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SABR shares. Sanford C. Bernstein upgraded Sabre from a “market perform” rating to an “outperform” rating and cut their target price for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Rothschild & Co Redburn lowered Sabre from a “buy” rating to a “neutral” rating and set a $2.40 target price on the stock. in a report on Friday, August 15th. Finally, Redburn Atlantic downgraded Sabre from a “strong-buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the company has an average 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.