Sabre Co. (NASDAQ:SABR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,409,675 shares of the information technology services provider's stock after selling 262,072 shares during the period. Bank of America Corp DE owned about 0.62% of Sabre worth $8,795,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock valued at $21,388,000 after acquiring an additional 5,230,239 shares in the last quarter. U S Global Investors Inc. acquired a new stake in Sabre during the 4th quarter worth about $20,509,000. Northern Trust Corp raised its stake in shares of Sabre by 7.8% in the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock worth $16,751,000 after purchasing an additional 333,690 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sabre by 38.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock valued at $13,198,000 after acquiring an additional 1,007,871 shares during the period. Finally, Invesco Ltd. lifted its position in Sabre by 7.9% during 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 purchasing an additional 194,356 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Stock Performance

SABR traded down $0.06 on Thursday, hitting $2.57. 4,626,725 shares of the company were exchanged, compared to its average volume of 4,531,726. The business's fifty day moving average is $2.50 and its 200 day moving average is $3.25. The firm has a market capitalization of $996.66 million, a P/E ratio of -3.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a fifty-two week low of $1.93 and a fifty-two week high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The firm had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. During the same period in the previous year, the business posted ($0.02) EPS. Sabre's quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SABR shares. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a research note 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 raised shares of Sabre from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Morgan Stanley cut their price target on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.28.

Sabre Company 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.