Earnest Partners LLC Lowers Position in Sabre Co. (NASDAQ:SABR)

Earnest Partners LLC decreased its holdings in shares of Sabre Co. (NASDAQ:SABR) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 31,709,729 shares of the information technology services provider’s stock after selling 751,580 shares during the period. Earnest Partners LLC owned about 0.08% of Sabre worth $115,741,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Sabre by 375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after buying an additional 1,208,269 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sabre during the 4th quarter worth $123,000. Barclays PLC grew its position in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after acquiring an additional 267,778 shares in the last quarter. Invesco Ltd. increased its stake in Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after acquiring an additional 194,356 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Sabre by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider’s stock valued at $6,109,000 after purchasing an additional 30,236 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SABR shares. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley cut their price target on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Sabre currently has a consensus rating of “Hold” and a consensus target price of $4.28.

Sabre Stock Up 0.9 %

Shares of NASDAQ SABR opened at $2.19 on Friday. The firm’s fifty day moving average is $3.05 and its 200 day moving average is $3.41. Sabre Co. has a 52 week low of $1.93 and a 52 week high of $4.63. The company has a market cap of $845.49 million, a price-to-earnings ratio of -3.04, a PEG ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. Equities research analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current 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.