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

U S Global Investors Inc. increased its holdings in shares of Sabre Corporation (NASDAQ:SABR) by 54.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,696,449 shares of the information technology services provider’s stock after buying an additional 3,049,688 shares during the period. Sabre comprises approximately 1.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 16th largest holding. U S Global Investors Inc. owned approximately 2.20% of Sabre worth $15,915,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SABR. Triangle Securities Wealth Management acquired a new position in shares of Sabre during the second quarter valued at approximately $33,000. Park Avenue Securities LLC acquired a new stake in shares of Sabre in the second quarter worth approximately $34,000. 626 Financial LLC purchased a new stake in shares of Sabre during the second quarter worth approximately $35,000. MQS Management LLC acquired a new position in Sabre in the 2nd quarter valued at $42,000. Finally, State of Wyoming acquired a new position in Sabre in the 1st quarter valued at $49,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Price Performance

Shares of SABR stock opened at $1.33 on Friday. The firm’s 50-day moving average is $1.64 and its two-hundred day moving average is $2.08. Sabre Corporation has a 12 month low of $1.32 and a 12 month high of $4.63. The company has a market capitalization of $525.20 million, a PE ratio of 1.08 and a beta of 1.07.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million for the quarter, compared to analysts’ expectations of $715.32 million. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Sell-side analysts forecast that Sabre Corporation will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SABR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.80.

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.