Integrated Investment Consultants LLC Sells 20,766 Shares of Sabre Co. (NASDAQ:SABR)

Integrated Investment Consultants LLC lessened its stake in shares of Sabre Co. (NASDAQ:SABR) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,240 shares of the information technology services provider’s stock after selling 20,766 shares during the period. Integrated Investment Consultants LLC’s holdings in Sabre were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after buying an additional 145,383 shares in the last quarter. Barclays PLC raised its position in shares of Sabre by 51.6% during the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after buying an additional 267,778 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of Sabre during the 3rd quarter valued at about $45,000. Finally, XTX Topco Ltd purchased a new stake in shares of Sabre during the 3rd quarter valued at about $244,000. Institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SABR. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre Price Performance

Sabre stock opened at $3.34 on Friday. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.60. The firm has a market capitalization of $1.29 billion, a P/E ratio of -4.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.80. The company’s 50-day moving average is $3.68 and its 200 day moving average is $3.40.

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, topping 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. During the same period last year, the company earned ($0.10) earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

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.