Ieq Capital LLC Purchases New Holdings in Sabre Corporation $SABR

Ieq Capital LLC acquired a new position in Sabre Corporation (NASDAQ:SABR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 240,411 shares of the information technology services provider’s stock, valued at approximately $502,000. Ieq Capital LLC owned about 0.06% of Sabre at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in shares of Sabre by 22.6% during the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after acquiring an additional 5,617 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after acquiring an additional 8,262 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after acquiring an additional 9,923 shares during the last quarter. Empowered Funds LLC increased its position in shares of Sabre by 12.9% during the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock worth $258,000 after purchasing an additional 10,530 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Sabre by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock worth $1,574,000 after purchasing an additional 10,742 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SABR has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of Sabre in a report on Thursday. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sabre has an average rating of “Hold” and a consensus price target of $1.75.

Sabre Price Performance

SABR opened at $2.20 on Friday. The firm has a market capitalization of $887.88 million, a price-to-earnings ratio of 1.33 and a beta of 0.97. The company’s 50 day simple moving average is $1.98 and its two-hundred day simple moving average is $1.71. Sabre Corporation has a 1-year low of $0.81 and a 1-year high of $2.30.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. On average, equities analysts anticipate that Sabre Corporation will post -0.16 earnings per share for the current fiscal 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.