AE Wealth Management LLC Acquires Shares of 12,852 Sabre Co. (NASDAQ:SABR)

view original post

AE Wealth Management LLC acquired a new stake in Sabre Co. (NASDAQ:SABRGet Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 12,852 shares of the information technology services provider’s stock, valued at approximately $147,000.

A number of other large investors have also recently modified their holdings of the business. Cascade Investment Advisors Inc. grew its position in Sabre by 40.9% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,080 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 1,185 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Sabre by 5.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 27,389 shares of the information technology services provider’s stock valued at $235,000 after acquiring an additional 1,470 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Sabre by 3.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 41,978 shares of the information technology services provider’s stock worth $361,000 after buying an additional 1,578 shares in the last quarter. HYA Advisors Inc grew its position in shares of Sabre by 11.2% during the first quarter. HYA Advisors Inc now owns 29,900 shares of the information technology services provider’s stock worth $342,000 after buying an additional 3,000 shares in the last quarter. Finally, First Bank & Trust grew its position in shares of Sabre by 23.1% during the fourth quarter. First Bank & Trust now owns 16,741 shares of the information technology services provider’s stock worth $144,000 after buying an additional 3,139 shares in the last quarter.

SABR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of Sabre from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America raised shares of Sabre from an “underperform” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, July 6th. Finally, StockNews.com raised shares of Sabre from a “sell” rating to a “hold” rating in a research report on Sunday, May 8th.

Shares of SABR opened at $5.96 on Thursday. Sabre Co. has a 1-year low of $5.52 and a 1-year high of $12.65. The stock has a market capitalization of $1.95 billion, a P/E ratio of -2.95 and a beta of 1.88. The business’s 50-day moving average price is $6.84 and its 200 day moving average price is $8.90.

Sabre (NASDAQ:SABRGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.12. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $536.43 million. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. The firm’s quarterly revenue was up 78.6% compared to the same quarter last year. Equities analysts anticipate that Sabre Co. will post -1.57 EPS for the current year.

Sabre Profile (Get Rating)

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as 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.

See Also

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Co. (NASDAQ:SABRGet Rating).

Receive News & Ratings for Sabre Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sabre and related companies with MarketBeat.com’s FREE daily email newsletter.