Legal & General Group Plc Invests $1.25 Million in Sabre Corporation $SABR

Legal & General Group Plc acquired a new stake in shares of Sabre Corporation (NASDAQ:SABR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 599,914 shares of the information technology services provider’s stock, valued at approximately $1,254,000. Legal & General Group Plc owned 0.15% of Sabre as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC bought a new stake in Sabre during the 1st quarter worth approximately $25,000. Wealthspire Retirement LLC bought a new stake in shares of Sabre during the first quarter worth $25,000. Vise Technologies Inc. bought a new stake in shares of Sabre during the second quarter worth $30,000. Allworth Financial LP acquired a new stake in shares of Sabre in the second quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sabre in the second quarter valued at $32,000. 89.42% of the stock is owned by institutional investors.

Sabre Price Performance

Shares of Sabre stock opened at $2.13 on Monday. The business has a fifty day simple moving average of $2.00 and a 200 day simple moving average of $1.75. The stock has a market cap of $859.63 million, a PE ratio of 1.29 and a beta of 1.00. Sabre Corporation has a 12 month low of $0.81 and a 12 month high of $2.30.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $711.96 million during the quarter, compared to analysts’ expectations of $697.40 million. Analysts expect that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SABR shares. Weiss Ratings downgraded shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1.75.

Sabre Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.