Simon Quick Advisors LLC Acquires Shares of 974,807 Sabre Corporation $SABR

Key Points

• Simon Quick Advisors LLC acquired a new stake of 974,807 shares in Sabre during the fourth quarter, valued at roughly $1.33 million and representing about 0.25% ownership.
• Despite a recent quarterly beat (EPS -$0.01 vs. -$0.07) and high institutional ownership (~89%), analysts' consensus rating is "Reduce" with a $1.97 target while the stock trades around $1.82 and a market cap near $719 million.

Simon Quick Advisors LLC acquired a new stake in shares of Sabre Corporation (NASDAQ:SABR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 974,807 shares of the information technology services provider's stock, valued at approximately $1,326,000. Simon Quick Advisors LLC owned 0.25% of Sabre as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SABR. Cerity Partners LLC grew its holdings in Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider's stock valued at $96,000 after purchasing an additional 5,617 shares in the last quarter. Captrust Financial Advisors increased its stake in Sabre by 17.8% during the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider's stock worth $173,000 after buying an additional 8,262 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Sabre by 17.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider's stock worth $111,000 after buying an additional 9,187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider's stock valued at $639,000 after buying an additional 9,923 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Sabre by 12.9% in the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider's stock valued at $258,000 after buying an additional 10,530 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sabre in a research report on Monday, December 29th. Zacks Research raised Sabre from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 11th. Sanford C. Bernstein restated a "market perform" rating and set a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $1.97.

Sabre Stock Performance

Shares of Sabre stock opened at $1.82 on Monday. The stock has a market capitalization of $719.21 million, a price-to-earnings ratio of 1.57 and a beta of 0.85. Sabre Corporation has a twelve month low of $0.81 and a twelve month high of $3.52. The business's 50 day simple moving average is $1.49 and its 200-day simple moving average is $1.53.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $666.53 million for the quarter, compared to analyst estimates of $654.08 million. Sell-side analysts predict that Sabre Corporation will post -0.14 earnings per share for the current year.

Sabre 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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