EP Wealth Advisors LLC Cuts Stock Holdings in Sabre Co. (NASDAQ:SABR)

EP Wealth Advisors LLC lessened its holdings in Sabre Co. (NASDAQ:SABR) by 15.8% during the third quarter, Holdings Channel.com reports. The firm owned 82,970 shares of the information technology services provider’s stock after selling 15,557 shares during the quarter. EP Wealth Advisors LLC’s holdings in Sabre were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Sabre by 1.0% in the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after buying an additional 140,218 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Sabre in the third quarter valued at $367,000. Paloma Partners Management Co purchased a new stake in shares of Sabre during the 3rd quarter worth $54,000. Erste Asset Management GmbH acquired a new position in shares of Sabre during the 3rd quarter worth $36,185,000. Finally, Verition Fund Management LLC increased its holdings in shares of Sabre by 37.3% in the 3rd quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider’s stock valued at $697,000 after purchasing an additional 51,595 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Trading Up 1.8 %

Shares of NASDAQ SABR opened at $3.90 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -4.94 and a beta of 1.80. The company’s 50-day moving average price is $3.66 and its 200 day moving average price is $3.26. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last issued 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 business had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. As a group, research analysts expect that Sabre Co. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on SABR shares. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Sabre currently has a consensus rating of “Hold” and an average price target of $3.50.

Sabre 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.