RBF Capital LLC Has $276,000 Stake in Sabre Corporation $SABR

RBF Capital LLC lowered its stake in shares of Sabre Corporation (NASDAQ:SABR) by 68.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,000 shares of the information technology services provider’s stock after selling 410,313 shares during the period. RBF Capital LLC’s holdings in Sabre were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. DGS Capital Management LLC acquired a new stake in shares of Sabre in the 1st quarter valued at approximately $25,000. Wealthspire Retirement LLC acquired a new position in Sabre during the first quarter valued at approximately $25,000. Oak Thistle LLC bought a new stake in Sabre in the fourth quarter valued at approximately $27,000. Diligent Investors LLC bought a new stake in Sabre in the third quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Sabre by 970.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 22,361 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Price Performance

NASDAQ SABR opened at $1.87 on Friday. The firm has a market cap of $739.24 million, a P/E ratio of 1.72 and a beta of 0.96. The stock’s 50-day moving average is $1.82 and its 200-day moving average is $1.59. Sabre Corporation has a one year low of $0.81 and a one year high of $3.10.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Equities analysts anticipate that Sabre Corporation will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $1.97.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.