Sabre Co. (NASDAQ:SABR) Shares Sold by Earnest Partners LLC

Earnest Partners LLC lessened its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,709,729 shares of the information technology services provider's stock after selling 751,580 shares during the quarter. Earnest Partners LLC owned 8.22% of Sabre worth $115,741,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Aquatic Capital Management LLC boosted its stake in Sabre by 437.9% during the fourth quarter. Aquatic Capital Management LLC now owns 126,955 shares of the information technology services provider's stock worth $463,000 after buying an additional 103,355 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Sabre during the fourth quarter worth about $2,165,000. Price T Rowe Associates Inc. MD boosted its stake in Sabre by 9.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 283,549 shares of the information technology services provider's stock worth $1,035,000 after buying an additional 25,353 shares during the period. Hsbc Holdings PLC boosted its stake in Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock worth $209,000 after buying an additional 3,195 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in Sabre by 5.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 189,259 shares of the information technology services provider's stock worth $691,000 after buying an additional 9,221 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Trading Down 5.1 %

NASDAQ:SABR traded down $0.13 during mid-day trading on Tuesday, hitting $2.40. The stock had a trading volume of 5,041,988 shares, compared to its average volume of 4,434,232. The stock has a 50-day simple moving average of $3.03 and a two-hundred day simple moving average of $3.40. The company has a market capitalization of $926.57 million, a PE ratio of -3.33, a PEG ratio of 2.43 and a beta of 1.39. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. Sell-side analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SABR. Morgan Stanley lowered their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sabre has a consensus rating of "Hold" and an average target price of $4.28.

About Sabre

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.