Tidal Investments LLC Sells 208,091 Shares of Sabre Co. (NASDAQ:SABR)

Tidal Investments LLC lowered its holdings in Sabre Co. (NASDAQ:SABR) by 20.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 826,441 shares of the information technology services provider’s stock after selling 208,091 shares during the period. Tidal Investments LLC owned approximately 0.21% of Sabre worth $3,033,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of 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 valued at $33,000 after purchasing an additional 6,582 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Sabre during the second quarter valued at $26,000. Zacks Investment Management purchased a new position in Sabre in the 3rd quarter worth approximately $41,000. Wellington Wealth Strategies LLC. bought a new position in shares of Sabre during the second quarter valued at $32,000. Finally, 626 Financial LLC purchased a new position in shares of Sabre in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SABR. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Performance

Shares of Sabre stock opened at $3.90 on Friday. The company has a market cap of $1.50 billion, a PE ratio of -4.94 and a beta of 1.80. The business has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.26. Sabre Co. has a one year low of $1.81 and a one year high of $4.68.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. On average, sell-side analysts predict that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

About Sabre

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.