Legacy Financial Advisors Inc. Acquires Shares of 50,000 Sabre Co. (NASDAQ:SABR)

Legacy Financial Advisors Inc. bought a new stake in shares of Sabre Co. (NASDAQ:SABR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 50,000 shares of the information technology services provider’s stock, valued at approximately $220,000.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Sabre by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock worth $179,201,000 after acquiring an additional 3,665,465 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sabre in the 3rd quarter valued at $2,971,000. FMR LLC increased its position in shares of Sabre by 10,280.8% in the 3rd quarter. FMR LLC now owns 642,571 shares of the information technology services provider’s stock valued at $2,885,000 after buying an additional 636,381 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Sabre by 123.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,106,112 shares of the information technology services provider’s stock valued at $4,966,000 after buying an additional 610,610 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its stake in Sabre by 214.7% during the 3rd quarter. Liontrust Investment Partners LLP now owns 819,433 shares of the information technology services provider’s stock worth $3,679,000 after buying an additional 559,088 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

NASDAQ:SABR opened at $2.68 on Monday. The stock has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $3.43. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $5.76. The company has a market cap of $1.02 billion, a PE ratio of -1.78 and a beta of 1.69.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million for the quarter, compared to the consensus estimate of $707.89 million. On average, research analysts predict that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America decreased their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Mizuho lowered their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Cantor Fitzgerald began coverage on shares of Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price on the stock. Finally, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and an average target price of $4.00.

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.