Boston Private Wealth LLC Cuts Stock Position in Sabre Co. (NASDAQ:SABR)

Boston Private Wealth LLC decreased its stake in shares of Sabre Co. (NASDAQ:SABR) by 21.7% in the third quarter, Holdings Channel reports. The institutional investor owned 17,166 shares of the information technology services provider’s stock after selling 4,767 shares during the quarter. Boston Private Wealth LLC’s holdings in Sabre were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SABR. U S Global Investors Inc. purchased a new position in shares of Sabre in the 3rd quarter worth about $76,348,000. Morgan Stanley grew its holdings in shares of Sabre by 225.8% during the second quarter. Morgan Stanley now owns 4,310,479 shares of the information technology services provider’s stock valued at $53,795,000 after buying an additional 2,987,281 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in shares of Sabre during the second quarter valued at approximately $20,293,961,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Sabre in the 2nd quarter worth approximately $26,034,000. Finally, Franklin Resources Inc. raised its holdings in Sabre by 104.9% in the 2nd quarter. Franklin Resources Inc. now owns 3,822,735 shares of the information technology services provider’s stock worth $47,707,000 after acquiring an additional 1,956,700 shares during the last quarter.

Shares of SABR stock opened at $9.67 on Friday. The company has a 50 day moving average price of $8.72 and a 200-day moving average price of $10.40. Sabre Co. has a 52 week low of $7.05 and a 52 week high of $16.88. The firm has a market capitalization of $3.13 billion, a PE ratio of -2.88 and a beta of 2.08.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, November 2nd. The information technology services provider reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.05. The business had revenue of $441.09 million during the quarter, compared to the consensus estimate of $457.00 million. Sabre had a negative net margin of 69.74% and a negative return on equity of 442.63%. During the same quarter in the previous year, the firm posted ($0.87) EPS. Sell-side analysts forecast that Sabre Co. will post -2.42 EPS for the current year.

Separately, Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a report on Tuesday, October 5th.

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 company operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel solutions for travel suppliers and travel buyers through a business-to-business travel marketplace.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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