Oppenheimer Asset Management Inc. Sells 26,974 Shares of Sabre Co. (NASDAQ:SABR)

Oppenheimer Asset Management Inc. lessened its position in shares of Sabre Co. (NASDAQ:SABR) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 426,063 shares of the information technology services provider’s stock after selling 26,974 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of Sabre worth $1,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after buying an additional 1,208,269 shares during the period. Geode Capital Management LLC increased its stake in shares of Sabre by 1.6% in 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 acquiring an additional 145,383 shares in the last quarter. Barclays PLC lifted 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 acquiring an additional 267,778 shares during the period. Algert Global LLC boosted its stake in Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 134,340 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sabre by 65.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock worth $3,639,000 after purchasing an additional 390,621 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

SABR has been the topic of several research reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Finally, StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus price target of $3.25.

Sabre Price Performance

Shares of NASDAQ SABR opened at $3.93 on Tuesday. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.63. The stock has a market capitalization of $1.52 billion, a P/E ratio of -5.46, a P/E/G ratio of 2.43 and a beta of 1.79. The company has a 50-day moving average price of $3.58 and a 200-day moving average price of $3.51.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. As a group, equities research analysts anticipate that Sabre Co. will post 0.04 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.