U S Global Investors Inc. Trims Holdings in Sabre Corporation (NASDAQ:SABR)

U S Global Investors Inc. trimmed its stake in Sabre Corporation (NASDAQ:SABR - Free Report) by 18.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,579,011 shares of the information technology services provider's stock after selling 1,039,926 shares during the quarter. Sabre makes up 1.7% of U S Global Investors Inc.'s portfolio, making the stock its 18th biggest holding. U S Global Investors Inc. owned approximately 1.19% of Sabre worth $12,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SABR. Virtu Financial LLC acquired a new position in shares of Sabre in the fourth quarter valued at approximately $123,000. Invesco Ltd. lifted its stake in shares of Sabre by 7.9% during the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock worth $9,691,000 after purchasing an additional 194,356 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sabre by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,400 shares of the information technology services provider's stock valued at $794,000 after purchasing an additional 10,998 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Sabre by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock valued at $6,109,000 after purchasing an additional 30,236 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Sabre by 6.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 453,288 shares of the information technology services provider's stock valued at $1,274,000 after purchasing an additional 27,225 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.28.

Sabre Stock Performance

Shares of NASDAQ:SABR traded up $0.15 during midday trading on Tuesday, hitting $3.31. 5,744,139 shares of the company's stock traded hands, compared to its average volume of 4,728,481. The company has a market cap of $1.28 billion, a PE ratio of -7.52 and a beta of 1.38. Sabre Corporation has a twelve month low of $1.93 and a twelve month high of $4.63. The firm's fifty day moving average price is $2.66 and its two-hundred day moving average price is $3.09.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) 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 the consensus estimate of $794.65 million. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Sabre Corporation will post 0.04 EPS 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.