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

Legal & General Group Plc acquired a new stake in Sabre Corporation (NASDAQ:SABR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 599,914 shares of the information technology services provider’s stock, valued at approximately $1,254,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vise Technologies Inc. acquired a new position in Sabre in the second quarter valued at about $30,000. Allworth Financial LP bought a new position in shares of Sabre during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sabre during the 2nd quarter valued at about $32,000. DGS Capital Management LLC acquired a new position in shares of Sabre in the 1st quarter valued at approximately $25,000. Finally, Wealthspire Retirement LLC acquired a new position in shares of Sabre in the 1st quarter valued at approximately $25,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Price Performance

Shares of Sabre stock opened at $2.13 on Monday. The firm has a market cap of $859.63 million, a price-to-earnings ratio of 1.29 and a beta of 1.00. The stock’s 50-day moving average is $2.00 and its 200-day moving average is $1.75. Sabre Corporation has a one year low of $0.81 and a one year high of $2.30.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. On average, equities analysts expect that Sabre Corporation will post -0.21 EPS for the current year.

Analyst Ratings Changes

SABR has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Sabre in a report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sabre presently has a consensus rating of “Hold” and an average target price of $1.75.

About Sabre

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.