Oppenheimer Asset Management Inc. Sells 26,974 Shares of Sabre Co. (NASDAQ:SABR)

Oppenheimer Asset Management Inc. cut its position in shares of Sabre Co. (NASDAQ:SABR) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 426,063 shares of the information technology services provider’s stock after selling 26,974 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sabre were worth $1,555,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Sabre by 1.0% in the 3rd quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock worth $51,446,000 after buying an additional 140,218 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Sabre during the third quarter worth $36,185,000. Geode Capital Management LLC lifted its holdings in Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after acquiring an additional 145,383 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Sabre by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after purchasing an additional 39,509 shares during the last quarter. Finally, Beaconlight Capital LLC grew its stake in Sabre by 32.2% in the 3rd quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after purchasing an additional 962,665 shares during the period. 89.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

SABR has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre Stock Performance

SABR stock opened at $3.93 on Tuesday. The stock has a fifty day moving average of $3.58 and a 200-day moving average of $3.51. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $4.63. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -5.46, a PEG ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. Equities analysts predict that Sabre Co. will post 0.04 EPS for the current year.

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.