Oxinas Partners Wealth Management LLC Reduces Stock Position in Sabre Co. (NASDAQ:SABR)

Oxinas Partners Wealth Management LLC trimmed its position in Sabre Co. (NASDAQ:SABR - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,750 shares of the information technology services provider's stock after selling 118,247 shares during the quarter. Oxinas Partners Wealth Management LLC's holdings in Sabre were worth $404,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SABR. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre during the first quarter worth about $28,000. Sterling Capital Management LLC increased its holdings in Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 8,454 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 6,298 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Sabre in the fourth quarter valued at approximately $45,000. Finally, Briaud Financial Planning Inc purchased a new position in Sabre in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Price Performance

Shares of NASDAQ SABR opened at $2.70 on Friday. The business has a 50-day moving average of $2.44 and a two-hundred day moving average of $3.21. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -3.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. The firm's revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) EPS. As a group, equities research analysts expect that Sabre Co. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Morgan Stanley dropped their target price on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and increased their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.28.

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.

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