51,563 Shares in Sabre Corporation $SABR Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. purchased a new stake in Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 51,563 shares of the information technology services provider’s stock, valued at approximately $163,000.

Several other large investors have also recently added to or reduced their stakes in SABR. Blueshift Asset Management LLC bought a new position in shares of Sabre in the first quarter valued at approximately $31,000. Triangle Securities Wealth Management acquired a new stake in Sabre during the 2nd quarter valued at $33,000. Park Avenue Securities LLC bought a new position in Sabre in the 2nd quarter valued at $34,000. Bank of Nova Scotia acquired a new position in Sabre in the first quarter worth $39,000. Finally, State of Wyoming bought a new stake in shares of Sabre during the first quarter worth $49,000. 89.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SABR shares. Rothschild & Co Redburn cut 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. Sanford C. Bernstein upgraded shares of Sabre from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sabre in a research note on Wednesday, October 8th. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Finally, Redburn Atlantic lowered shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.80.

Sabre Stock Performance

SABR opened at $1.79 on Monday. The company has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $2.43. The firm has a market capitalization of $706.17 million, a PE ratio of -1.97 and a beta of 1.52. Sabre Corporation has a 52 week low of $1.69 and a 52 week high of $4.63.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million during the quarter, compared to analyst estimates of $718.16 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast 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.