Truist Financial Corp Acquires 18,528 Shares of Sabre Co. (NASDAQ:SABR)

Truist Financial Corp lifted its holdings in shares of Sabre Co. (NASDAQ:SABRGet Rating) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 217,111 shares of the information technology services provider’s stock after acquiring an additional 18,528 shares during the quarter. Truist Financial Corp’s holdings in Sabre were worth $1,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SABR. Vantage Consulting Group Inc bought a new stake in Sabre in the 2nd quarter valued at $64,000. Park Avenue Securities LLC bought a new stake in Sabre in the 2nd quarter valued at $68,000. Captrust Financial Advisors boosted its stake in Sabre by 17.3% in the 2nd quarter. Captrust Financial Advisors now owns 13,271 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 1,956 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Sabre in the 2nd quarter valued at $98,000. Finally, Hodges Capital Management Inc. bought a new stake in Sabre in the 3rd quarter valued at $103,000.

Sabre Stock Performance

Sabre stock opened at $6.87 on Friday. Sabre Co. has a 52 week low of $4.46 and a 52 week high of $12.08. The stock has a market capitalization of $2.26 billion, a P/E ratio of -4.58 and a beta of 1.73. The stock has a fifty day moving average of $6.02 and a 200-day moving average of $6.18.

Sabre (NASDAQ:SABRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The information technology services provider reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.05. The business had revenue of $663.39 million for the quarter, compared to analyst estimates of $695.75 million. On average, research analysts forecast that Sabre Co. will post -1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho reduced their price target on Sabre from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, October 17th. Morgan Stanley cut their target price on Sabre from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, November 3rd. Bank of America downgraded Sabre from a “buy” rating to an “underperform” rating and cut their target price for the company from $11.00 to $7.00 in a research report on Wednesday, January 11th. StockNews.com assumed coverage on Sabre in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Redburn Partners assumed coverage on Sabre in a research report on Wednesday, September 28th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.67.

Sabre Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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