Victory Capital Management Inc. Sells 5,587 Shares of Sabre Co. (NASDAQ:SABR)

Victory Capital Management Inc. lessened its position in Sabre Co. (NASDAQ:SABR) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,571 shares of the information technology services provider’s stock after selling 5,587 shares during the period. Victory Capital Management Inc.’s holdings in Sabre were worth $263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SABR. Xponance Inc. raised its holdings in shares of Sabre by 15.5% during the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after purchasing an additional 5,323 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Sabre by 25.0% during the third quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider’s stock valued at $99,000 after purchasing an additional 5,400 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 6,582 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Shares of SABR stock opened at $3.91 on Friday. The company has a market capitalization of $1.51 billion, a P/E ratio of -4.95 and a beta of 1.74. The company’s 50-day simple moving average is $3.59 and its two-hundred day simple moving average is $3.21. Sabre Co. has a one year low of $1.81 and a one year high of $4.68.

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

Analysts Set New Price Targets

SABR has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.50.

About Sabre

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.