Integrated Investment Consultants LLC Trims Stock Position in Sabre Co. (NASDAQ:SABR)

Integrated Investment Consultants LLC cut its stake in shares of Sabre Co. (NASDAQ:SABR) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,240 shares of the information technology services provider’s stock after selling 20,766 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Sabre were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC boosted its stake in shares of Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares in the last quarter. State Street Corp boosted its stake in shares of Sabre by 1.0% during the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after purchasing an additional 140,218 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sabre during the third quarter valued at approximately $36,185,000. Geode Capital Management LLC boosted its stake in shares of 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 valued at $33,335,000 after purchasing an additional 145,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sabre by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock valued at $20,020,000 after purchasing an additional 39,509 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Up 3.1 %

Shares of SABR opened at $3.34 on Friday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.60. The company has a 50 day moving average of $3.68 and a two-hundred day moving average of $3.40. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -4.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.80.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Sabre Co. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price objective (down from $5.00) on shares of Sabre in a research note on Tuesday, January 7th. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Sabre has an average rating of “Hold” and an average price target of $3.25.

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.