Sabre Corporation $SABR Holdings Boosted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in Sabre Corporation (NASDAQ:SABR) by 120.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,900 shares of the information technology services provider’s stock after acquiring an additional 84,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Sabre were worth $486,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Triangle Securities Wealth Management bought a new position in Sabre in the second quarter worth about $33,000. Park Avenue Securities LLC acquired a new position in shares of Sabre during the second quarter valued at approximately $34,000. 626 Financial LLC acquired a new position in shares of Sabre during the second quarter valued at approximately $35,000. Blueshift Asset Management LLC acquired a new position in shares of Sabre during the first quarter valued at approximately $31,000. Finally, Bank of Nova Scotia acquired a new position in shares of Sabre during the first quarter valued at approximately $39,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

SABR has been the topic of a number of research analyst reports. 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 note on Monday, August 11th. Morgan Stanley restated a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Rothschild & Co Redburn cut shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a research report on Friday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sabre in a research report on Wednesday, October 8th. Finally, Redburn Atlantic cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Trading Down 0.6%

Shares of NASDAQ:SABR opened at $1.78 on Friday. The stock has a market capitalization of $702.23 million, a PE ratio of -1.96 and a beta of 1.52. Sabre Corporation has a 1 year low of $1.69 and a 1 year high of $4.63. The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $2.40.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $687.15 million for the quarter, compared to analysts’ expectations of $718.16 million. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. On average, sell-side analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current fiscal 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.