Sabre Corporation $SABR Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Sabre Corporation (NASDAQ:SABR) by 8.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 231,030 shares of the information technology services provider’s stock after purchasing an additional 17,232 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sabre worth $729,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Oxinas Partners Wealth Management LLC grew its holdings in Sabre by 69.6% in the second quarter. Oxinas Partners Wealth Management LLC now owns 243,750 shares of the information technology services provider’s stock valued at $770,000 after purchasing an additional 100,000 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Sabre in the second quarter valued at $34,000. Triangle Securities Wealth Management acquired a new stake in Sabre in the second quarter valued at $33,000. Wealth Enhancement Advisory Services LLC grew its holdings in Sabre by 84.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 52,142 shares of the information technology services provider’s stock valued at $178,000 after purchasing an additional 23,918 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Sabre in the second quarter valued at $73,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SABR shares. Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. 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. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sabre in a research note on Saturday, September 27th. Finally, Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sabre presently has an average rating of “Hold” and a consensus price target of $3.80.

Sabre Trading Down 2.7%

NASDAQ SABR opened at $1.81 on Wednesday. The business’s 50-day moving average price is $1.96 and its 200 day moving average price is $2.47. Sabre Corporation has a twelve month low of $1.69 and a twelve month high of $4.63. The company has a market capitalization of $714.06 million, a PE ratio of -1.99 and a beta of 1.52.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $687.15 million during the quarter, compared to analysts’ expectations of $718.16 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that Sabre Corporation will post 0.04 EPS for the current year.

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.