U S Global Investors Inc. Grows Holdings in Sabre Corporation $SABR

U S Global Investors Inc. lifted its holdings in Sabre Corporation (NASDAQ:SABR) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,646,761 shares of the information technology services provider’s stock after buying an additional 1,067,750 shares during the quarter. Sabre makes up about 2.1% of U S Global Investors Inc.’s holdings, making the stock its 11th biggest holding. U S Global Investors Inc.’s holdings in Sabre were worth $17,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hsbc Holdings PLC grew its position in shares of Sabre by 6.3% in the 1st quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock worth $172,000 after buying an additional 3,637 shares during the period. Envestnet Asset Management Inc. grew its position in Sabre by 0.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock valued at $4,731,000 after purchasing an additional 9,880 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after purchasing an additional 9,923 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Sabre by 40.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,667 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 10,204 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Sabre by 12.9% during the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after purchasing an additional 10,530 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Down 1.1%

Shares of NASDAQ SABR opened at $1.79 on Friday. The firm’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.44. The company has a market cap of $706.17 million, a PE ratio of -1.97 and a beta of 1.52. Sabre Corporation has a 52-week low of $1.69 and a 52-week high of $4.63.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million for the quarter, compared to analysts’ expectations of $718.16 million. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. As a group, equities research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SABR has been the topic of several recent analyst reports. Redburn Atlantic downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Rothschild & Co Redburn downgraded shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sabre in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.80.

Sabre 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.