240,411 Shares in Sabre Corporation $SABR Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 240,411 shares of the information technology services provider’s stock, valued at approximately $502,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SABR. DGS Capital Management LLC purchased a new position in Sabre in the first quarter worth approximately $25,000. Wealthspire Retirement LLC acquired a new stake in shares of Sabre during the 1st quarter worth about $25,000. Vise Technologies Inc. acquired a new stake in shares of Sabre during the 2nd quarter worth about $30,000. Allworth Financial LP acquired a new stake in shares of Sabre during the 2nd quarter worth about $31,000. Finally, Diligent Investors LLC purchased a new stake in Sabre in the 3rd quarter valued at about $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SABR has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Sabre in a report on Thursday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.75.

Sabre Stock Performance

NASDAQ:SABR opened at $2.20 on Friday. The stock has a 50-day simple moving average of $1.98 and a 200-day simple moving average of $1.71. The stock has a market cap of $887.88 million, a P/E ratio of 1.33 and a beta of 0.97. Sabre Corporation has a 1 year low of $0.81 and a 1 year high of $2.30.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to analysts’ expectations of $697.40 million. On average, equities research analysts predict that Sabre Corporation will post -0.16 EPS for the current year.

Sabre Company 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.