Prescott Group Capital Management L.L.C. Increases Position in Sabre Corporation $SABR

Prescott Group Capital Management L.L.C. grew its holdings in shares of Sabre Corporation (NASDAQ:SABR) by 39.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 266,984 shares of the information technology services provider’s stock after purchasing an additional 74,884 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.07% of Sabre worth $844,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SABR. Triangle Securities Wealth Management bought a new position in Sabre during the 2nd quarter valued at approximately $33,000. Park Avenue Securities LLC bought a new position in Sabre in the 2nd quarter worth about $34,000. 626 Financial LLC purchased a new position in Sabre in the second quarter worth about $35,000. Blueshift Asset Management LLC bought a new stake in shares of Sabre during the first quarter valued at approximately $31,000. Finally, MQS Management LLC bought a new position in Sabre in the 2nd quarter valued at approximately $42,000. 89.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SABR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sabre in a report on Wednesday, October 8th. Zacks Research downgraded shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Redburn Atlantic cut Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Finally, Morgan Stanley restated a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.80.

Sabre Stock Performance

NASDAQ:SABR opened at $1.88 on Friday. Sabre Corporation has a 52-week low of $1.69 and a 52-week high of $4.63. The firm has a market capitalization of $741.68 million, a PE ratio of 1.53 and a beta of 1.55. The stock has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $2.38.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. During the same period in the previous year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current fiscal 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.