Sabre Corporation $SABR Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position in Sabre Corporation (NASDAQ:SABR) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,120 shares of the information technology services provider’s stock after purchasing an additional 15,700 shares during the quarter. Praxis Investment Management Inc.’s holdings in Sabre were worth $149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SABR. Blueshift Asset Management LLC acquired a new stake in shares of Sabre in the 1st quarter worth $31,000. Triangle Securities Wealth Management acquired a new stake in shares of Sabre in the 2nd quarter worth $33,000. Park Avenue Securities LLC acquired a new stake in shares of Sabre in the 2nd quarter worth $34,000. 626 Financial LLC acquired a new stake in shares of Sabre in the 2nd quarter worth $35,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Sabre in the 1st quarter worth $39,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and cut their target price for the stock 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 research note on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sabre in a research note on Wednesday, October 8th. Redburn Atlantic cut Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.80.

Sabre Price Performance

Shares of Sabre stock opened at $1.78 on Monday. The business has a 50-day moving average of $1.81 and a 200 day moving average of $2.40. Sabre Corporation has a 12 month low of $1.69 and a 12 month high of $4.63. The stock has a market capitalization of $702.23 million, a price-to-earnings ratio of -1.96 and a beta of 1.52.

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

Sabre 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.