Sabre Corporation $SABR Holdings Trimmed by U S Global Investors Inc.

U S Global Investors Inc. reduced its stake in shares of Sabre Corporation (NASDAQ:SABR) by 25.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,400,275 shares of the information technology services provider’s stock after selling 2,485,668 shares during the quarter. Sabre comprises 1.6% of U S Global Investors Inc.’s holdings, making the stock its 15th largest position. U S Global Investors Inc.’s holdings in Sabre were worth $15,689,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SABR. Legal & General Group Plc bought a new position in shares of Sabre during the second quarter valued at $1,254,000. BlackRock Inc. bought a new stake in shares of Sabre in the 2nd quarter worth about $114,425,000. Bank of New York Mellon Corp bought a new stake in shares of Sabre in the 2nd quarter worth about $4,184,000. Arini Capital Management Ltd bought a new stake in shares of Sabre in the 2nd quarter worth about $81,719,000. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Sabre during the 2nd quarter worth about $2,271,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Trading Up 1.3%

Shares of NASDAQ SABR opened at $1.54 on Friday. The firm’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $1.90. Sabre Corporation has a 12-month low of $0.81 and a 12-month high of $2.50.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The business had revenue of $711.96 million for the quarter, compared to analysts’ expectations of $697.40 million. Research analysts expect that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SABR shares. Citigroup reissued a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sabre currently has an average rating of “Hold” and an average price target of $1.75.

About Sabre

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.