Sabre Co. (NASDAQ:SABR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in Sabre Co. (NASDAQ:SABR - Free Report) by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 648,145 shares of the information technology services provider's stock after selling 178,296 shares during the quarter. Tidal Investments LLC owned approximately 0.17% of Sabre worth $2,366,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 8,454 shares during the period. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 6,298 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Sabre during the 4th quarter worth approximately $45,000. Briaud Financial Planning Inc purchased a new position in Sabre in the 4th quarter valued at approximately $51,000. Finally, Sprott Inc. acquired a new position in shares of Sabre in the fourth quarter worth $55,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on SABR. Sanford C. Bernstein raised 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. Wall Street Zen upgraded Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Morgan Stanley lowered their price objective 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. Finally, Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their target price for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $4.28.

Sabre Price Performance

Sabre stock opened at $2.58 on Friday. The stock has a market cap of $1.00 billion, a PE ratio of -3.58, a P/E/G ratio of 2.43 and a beta of 1.36. The stock's fifty day moving average is $2.59 and its two-hundred day moving average is $3.28. 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 released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $794.65 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The business's revenue was down .8% on a year-over-year basis. On average, research analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal 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.

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