Sabre Co. (NASDAQ:SABR) Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Sabre Co. (NASDAQ:SABR) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,820,038 shares of the information technology services provider’s stock after selling 66,322 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Sabre worth $6,680,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre in the second quarter valued at $32,000. International Assets Investment Management LLC lifted its stake in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Sabre during the 2nd quarter worth about $34,000. Vanguard Personalized Indexing Management LLC purchased a new position in Sabre during the 2nd quarter valued at about $35,000. Finally, Zacks Investment Management acquired a new position in shares of Sabre in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Sabre presently has an average rating of “Hold” and a consensus target price of $3.50.

Sabre Stock Up 1.4 %

NASDAQ SABR opened at $3.65 on Thursday. The stock has a market capitalization of $1.41 billion, a PE ratio of -4.62 and a beta of 1.80. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63. The company has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $3.34.

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

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.