U S Global Investors Inc. Sells 1,039,926 Shares of Sabre Corporation (NASDAQ:SABR)

U S Global Investors Inc. cut its holdings in shares of Sabre Corporation (NASDAQ:SABR - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,579,011 shares of the information technology services provider's stock after selling 1,039,926 shares during the period. Sabre comprises approximately 1.7% of U S Global Investors Inc.'s portfolio, making the stock its 18th largest position. U S Global Investors Inc. owned 1.19% of Sabre worth $12,867,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. increased its stake in shares of Sabre by 8.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock valued at $146,000 after buying an additional 3,142 shares during the period. Hsbc Holdings PLC boosted its holdings in Sabre by 5.9% in the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock valued at $209,000 after acquiring an additional 3,195 shares during the last quarter. Xponance Inc. boosted its holdings in Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock valued at $109,000 after acquiring an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC increased its position 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 valued at $36,000 after purchasing an additional 6,298 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Sabre by 9.6% during the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock worth $286,000 after purchasing an additional 6,852 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Sabre Price Performance

Shares of NASDAQ:SABR traded up $0.07 during mid-day trading on Friday, hitting $3.18. The company had a trading volume of 8,903,114 shares, compared to its average volume of 4,747,690. Sabre Corporation has a one year low of $1.93 and a one year high of $4.63. The firm has a fifty day moving average price of $2.64 and a 200 day moving average price of $3.11. The company has a market capitalization of $1.23 billion, a PE ratio of -7.23 and a beta of 1.38.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly 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 business had revenue of $776.62 million for the quarter, compared to analysts' expectations of $794.65 million. The company's quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. Research analysts expect that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SABR. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and upped their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. 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 report on Wednesday, April 16th. Finally, Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.