Earnest Partners LLC Reduces Holdings in Sabre Co. (NASDAQ:SABR)

Earnest Partners LLC trimmed its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,662,442 shares of the information technology services provider's stock after selling 764,360 shares during the period. Earnest Partners LLC owned 5.44% of Sabre worth $92,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates increased its stake in shares of Sabre by 8.1% in the 1st quarter. Raymond James & Associates now owns 177,468 shares of the information technology services provider's stock worth $2,028,000 after acquiring an additional 13,361 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Sabre by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 3,141,433 shares of the information technology services provider's stock valued at $35,907,000 after purchasing an additional 26,741 shares in the last quarter. MetLife Investment Management LLC increased its stake in Sabre by 42.6% during the 1st quarter. MetLife Investment Management LLC now owns 223,500 shares of the information technology services provider's stock valued at $2,555,000 after purchasing an additional 66,759 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sabre by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,536 shares of the information technology services provider's stock valued at $1,355,000 after purchasing an additional 11,302 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Sabre by 9.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 181,986 shares of the information technology services provider's stock valued at $2,140,000 after purchasing an additional 16,079 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Sabre Trading Down 6.9 %

SABR traded down $0.18 during trading hours on Monday, hitting $2.43. The company's stock had a trading volume of 10,347,206 shares, compared to its average volume of 4,957,004. The business's 50-day moving average price is $3.95 and its 200-day moving average price is $4.11. Sabre Co. has a 12 month low of $2.00 and a 12 month high of $5.76. The stock has a market cap of $922.14 million, a price-to-earnings ratio of -1.47 and a beta of 1.78.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SABR. Bank of America upgraded shares of Sabre from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $3.50 to $5.00 in a research note on Monday, January 8th. Cantor Fitzgerald initiated coverage on shares of Sabre in a research note on Wednesday, February 21st. They set an "overweight" rating and a $5.00 price objective for the company. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Monday, February 19th. Finally, Mizuho dropped their price target on shares of Sabre from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Monday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.40.

Insider Buying and Selling

In other Sabre news, insider Sean E. Menke sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $4.43, for a total value of $221,500.00. Following the sale, the insider now owns 1,567,340 shares in the company, valued at approximately $6,943,316.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 100,714 shares of company stock valued at $424,684 over the last three months. 1.32% of the stock is owned by company insiders.

Sabre Profile

Sabre Corporation, through its subsidiaries, provides software and technology solutions for the travel industry worldwide. It operates in 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.

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