1,086,695 Shares in Sabre Corporation $SABR Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new position in Sabre Corporation (NASDAQ:SABR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,086,695 shares of the information technology services provider’s stock, valued at approximately $2,271,000.

A number of other institutional investors have also recently bought and sold shares of SABR. Royal Bank of Canada grew its position in shares of Sabre by 46.9% during the 1st quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock worth $491,000 after purchasing an additional 55,840 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after buying an additional 9,923 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sabre in the first quarter valued at approximately $140,000. Jones Financial Companies Lllp boosted its stake in shares of Sabre by 265.7% in the first quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after buying an additional 208,371 shares during the period. Finally, United Services Automobile Association acquired a new stake in Sabre during the first quarter worth approximately $80,000. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 2.8%

SABR stock opened at $2.20 on Friday. Sabre Corporation has a 12 month low of $0.81 and a 12 month high of $2.30. The firm has a market cap of $887.88 million, a P/E ratio of 1.33 and a beta of 0.97. The company’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $1.71.

Sabre (NASDAQ:SABR) last issued 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 firm had revenue of $711.96 million for the quarter, compared to the consensus estimate of $697.40 million. Equities analysts predict that Sabre Corporation will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SABR shares. Weiss Ratings lowered 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 research report on Thursday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1.75.

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.