Stifel Financial Corp Has $267,000 Stock Position in Sabre Co. (NASDAQ:SABR)

Stifel Financial Corp cut its position in Sabre Co. (NASDAQ:SABR) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,794 shares of the information technology services provider’s stock after selling 9,903 shares during the period. Stifel Financial Corp’s holdings in Sabre were worth $267,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Sabre by 51.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after purchasing an additional 570,197 shares in the last quarter. Earnest Partners LLC grew its holdings 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 worth $89,055,000 after purchasing an additional 12,838,230 shares during the last quarter. Algert Global LLC increased its stake in shares of Sabre by 44.2% in the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after buying an additional 134,340 shares in the last quarter. Creative Planning raised its holdings in shares of Sabre by 9.7% in the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock valued at $10,960,000 after buying an additional 264,026 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Sabre by 161.7% during the 2nd quarter. AQR Capital Management LLC now owns 345,977 shares of the information technology services provider’s stock worth $901,000 after buying an additional 213,757 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SABR has been the subject of several research reports. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Sabre Stock Down 1.6 %

Sabre stock opened at $3.67 on Monday. The business’s 50-day simple moving average is $3.73 and its 200 day simple moving average is $3.32. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -4.65 and a beta of 1.80. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results 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 analyst estimates of $774.53 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Sabre Co. will post -0.3 EPS for the current year.

Sabre Company 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.