Retirement Systems of Alabama cut its stake in shares of Sabre Co. (NASDAQ:SABR – Get Rating) by 28.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825,000 shares of the information technology services provider’s stock after selling 329,657 shares during the quarter. Retirement Systems of Alabama owned about 0.25% of Sabre worth $5,098,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in SABR. Virtu Financial LLC purchased a new stake in Sabre in the third quarter valued at approximately $53,000. Veriti Management LLC purchased a new stake in Sabre in the fourth quarter valued at approximately $66,000. Nisa Investment Advisors LLC boosted its position in Sabre by 95.9% in the third quarter. Nisa Investment Advisors LLC now owns 13,030 shares of the information technology services provider’s stock valued at $73,000 after buying an additional 6,380 shares during the last quarter. Captrust Financial Advisors boosted its position in Sabre by 17.9% in the second quarter. Captrust Financial Advisors now owns 13,340 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 2,025 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in Sabre in the third quarter valued at $89,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on SABR shares. Bank of America lowered their price target on shares of Sabre from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Tuesday, April 4th. StockNews.com assumed coverage on Sabre in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price objective on Sabre from $7.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, February 16th. Sanford C. Bernstein assumed coverage on Sabre in a research report on Wednesday, March 8th. They issued an “underperform” rating and a $4.00 price objective on the stock. Finally, Mizuho lowered their price objective on Sabre from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, April 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.88.
Sabre Stock Up 1.0 %
Sabre (NASDAQ:SABR – Get Rating) last announced its earnings results on Wednesday, February 15th. The information technology services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The firm had revenue of $631.18 million during the quarter, compared to analysts’ expectations of $673.88 million. On average, analysts anticipate that Sabre Co. will post -0.9 earnings per share for the current fiscal year.
Sabre Profile
Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.
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