Sabre Co. (NASDAQ:SABR) Shares Sold by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC decreased its stake in shares of Sabre Co. (NASDAQ:SABR) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 261,997 shares of the information technology services provider’s stock after selling 55,423 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Sabre were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Earnest Partners LLC boosted its holdings in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares during the last quarter. State Street Corp boosted its holdings in shares of Sabre by 1.0% in the 3rd quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after acquiring an additional 140,218 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Sabre in the 3rd quarter valued at $36,185,000. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Sabre by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock valued at $20,020,000 after acquiring an additional 39,509 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

SABR has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price target (down from $5.00) on shares of Sabre in a report on Tuesday, January 7th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.25.

Sabre Stock Up 1.5 %

SABR opened at $3.39 on Wednesday. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.60. The firm’s fifty day simple moving average is $3.67 and its two-hundred day simple moving average is $3.41.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) earnings per share. Equities research analysts expect that Sabre Co. will post -0.3 EPS for the current year.

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.