Sabre Corporation $SABR Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Sabre stake by 33.3% in the first quarter, selling 1.46 million shares and retaining 2.92 million shares worth approximately $4.2 million. Institutional investors and hedge funds collectively own 89.42% of Sabre.
• Sabre shares rose 3.5% to $2.06, near the company’s 52-week high of $2.29. The stock’s market capitalization was approximately $831 million.
• Sabre reported a quarterly loss of $0.17 per share, missing analyst expectations of a $0.04 loss, although revenue of $711.96 million exceeded estimates. Analyst sentiment remains cautious, with an average “Reduce” rating and a $1.97 price target.

Dimensional Fund Advisors LP decreased its holdings in Sabre Corporation (NASDAQ:SABR - Free Report) by 33.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,920,658 shares of the information technology services provider's stock after selling 1,457,152 shares during the period. Dimensional Fund Advisors LP owned approximately 0.74% of Sabre worth $4,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Sabre by 2.1% in the first quarter. Principal Financial Group Inc. now owns 1,921,514 shares of the information technology services provider's stock worth $2,786,000 after acquiring an additional 38,802 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Sabre during the 1st quarter valued at $57,000. Fifth Third Bancorp lifted its holdings in shares of Sabre by 47,838.7% during the 1st quarter. Fifth Third Bancorp now owns 89,166 shares of the information technology services provider's stock valued at $129,000 after acquiring an additional 88,980 shares in the last quarter. DGS Capital Management LLC purchased a new stake in Sabre during the 1st quarter worth $25,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Sabre during the 1st quarter worth $52,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Trading Up 3.5%

NASDAQ SABR opened at $2.06 on Thursday. The company's fifty day simple moving average is $1.88 and its 200-day simple moving average is $1.64. Sabre Corporation has a 52 week low of $0.81 and a 52 week high of $2.29. The stock has a market cap of $831.37 million, a P/E ratio of 1.25 and a beta of 0.97.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to analysts' expectations of $697.40 million. On average, research analysts expect that Sabre Corporation will post -0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $1.97.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world's principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre's suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.

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