Yousif Capital Management LLC Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

Yousif Capital Management LLC lifted its stake in Sabre Co. (NASDAQ:SABR) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,563 shares of the information technology services provider’s stock after buying an additional 22,880 shares during the period. Yousif Capital Management LLC’s holdings in Sabre were worth $825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SABR. Robertson Stephens Wealth Management LLC purchased a new position in Sabre in the 3rd quarter worth approximately $45,000. International Assets Investment Management LLC increased its stake in shares of Sabre by 340.0% in the fourth quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock worth $48,000 after buying an additional 8,381 shares during the period. FDx Advisors Inc. bought a new stake in Sabre during the 3rd quarter valued at $52,000. Fox Run Management L.L.C. purchased a new stake in Sabre during the 3rd quarter valued at $61,000. Finally, Insigneo Advisory Services LLC grew its holdings in Sabre by 43.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 4,457 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

SABR opened at $2.58 on Friday. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76. The business has a 50 day moving average of $2.47 and a 200-day moving average of $3.43.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. As a group, analysts expect that Sabre Co. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SABR. Cantor Fitzgerald initiated coverage on shares of Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price for the company. Bank of America cut their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Mizuho decreased their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Finally, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Sabre currently has an average rating of “Hold” and a consensus target price of $4.00.

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.