Sabre Corporation $SABR Shares Sold by U S Global Investors Inc.

Key Points

• U S Global Investors reduced its Sabre stake by 25.1%, selling 2.49 million shares and retaining 7.4 million shares worth approximately $15.7 million, or 1.83% of the company.
• Institutional ownership remains high at 89.42%, with BlackRock and Arini Capital Management among investors that recently established new positions.
• Analysts have a consensus “Hold” rating and a $1.75 price target. Sabre recently missed quarterly EPS expectations, reporting a $0.17 loss per share despite revenue exceeding estimates.

U S Global Investors Inc. reduced its stake in shares of Sabre Corporation (NASDAQ:SABR - Free Report) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,400,275 shares of the information technology services provider's stock after selling 2,485,668 shares during the quarter. Sabre accounts for approximately 1.6% of U S Global Investors Inc.'s holdings, making the stock its 15th biggest position. U S Global Investors Inc. owned 1.83% of Sabre worth $15,689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SABR. BlackRock Inc. bought a new position in shares of Sabre during the 2nd quarter worth about $114,425,000. Arini Capital Management Ltd acquired a new position in shares of Sabre during the second quarter valued at about $81,719,000. Discerene Group LP raised its position in shares of Sabre by 1.5% during the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider's stock valued at $56,686,000 after buying an additional 569,711 shares during the last quarter. Ampfield Management L.P. bought a new stake in shares of Sabre in the first quarter valued at about $7,505,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sabre in the second quarter valued at about $4,184,000. 89.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SABR shares. Weiss Ratings downgraded Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Citigroup restated a "buy" rating on shares of Sabre in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1.75.

Sabre Stock Performance

Shares of SABR stock opened at $1.54 on Friday. Sabre Corporation has a 52-week low of $0.81 and a 52-week high of $2.50. The firm has a fifty day moving average of $2.05 and a 200-day moving average of $1.90.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to the consensus estimate of $697.40 million. Sell-side analysts expect that Sabre Corporation will post -0.21 earnings per share for the current year.

Sabre Profile

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company's offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.