Partnership Wealth Management LLC Makes New Investment in Sabre Co. (NASDAQ:SABR)

Partnership Wealth Management LLC bought a new stake in Sabre Co. (NASDAQ:SABR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 874,546 shares of the information technology services provider's stock, valued at approximately $3,586,000. Sabre makes up approximately 2.6% of Partnership Wealth Management LLC's investment portfolio, making the stock its 8th biggest position. Partnership Wealth Management LLC owned approximately 0.23% of Sabre at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Sabre by 10.1% during the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider's stock valued at $179,201,000 after purchasing an additional 3,665,465 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Sabre during the 3rd quarter worth approximately $2,971,000. FMR LLC increased its position in shares of Sabre by 10,280.8% during the third quarter. FMR LLC now owns 642,571 shares of the information technology services provider's stock valued at $2,885,000 after acquiring an additional 636,381 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Sabre by 123.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,106,112 shares of the information technology services provider's stock worth $4,966,000 after acquiring an additional 610,610 shares during the period. Finally, Liontrust Investment Partners LLP boosted its position in Sabre by 214.7% in the third quarter. Liontrust Investment Partners LLP now owns 819,433 shares of the information technology services provider's stock worth $3,679,000 after purchasing an additional 559,088 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Stock Up 1.8 %

Shares of NASDAQ SABR traded up $0.05 during midday trading on Friday, hitting $2.85. The stock had a trading volume of 3,691,227 shares, compared to its average volume of 5,510,752. The business's 50 day moving average is $2.48 and its 200-day moving average is $3.39. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76. The company has a market cap of $1.09 billion, a P/E ratio of -1.97 and a beta of 1.69.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analysts' expectations of $707.89 million. As a group, analysts expect that Sabre Co. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Sabre

In related news, CFO Michael O. Randolfi purchased 50,000 shares of Sabre stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the purchase, the chief financial officer now directly owns 587,665 shares of the company's stock, valued at approximately $1,751,241.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Kurt Joseph Ekert bought 65,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $2.57 per share, for a total transaction of $167,050.00. Following the completion of the transaction, the chief executive officer now owns 1,155,909 shares of the company's stock, valued at $2,970,686.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael O. Randolfi bought 50,000 shares of Sabre stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $2.98 per share, with a total value of $149,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 587,665 shares in the company, valued at approximately $1,751,241.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 135,000 shares of company stock worth $368,650. Company insiders own 1.32% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on SABR. Cantor Fitzgerald initiated coverage on Sabre in a research note on Wednesday, February 21st. They set an "overweight" rating and a $5.00 target price on the stock. StockNews.com cut shares of Sabre from a "buy" rating to a "hold" rating in a research note on Friday, April 5th. Bank of America decreased their price target on shares of Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 15th. Finally, Mizuho dropped their price objective on Sabre from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Sabre currently has a consensus rating of "Hold" and an average price target of $4.00.

Sabre Company 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.

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