Financial services

Prospera Financial Services Inc. Reduces Its Stake in Saber Co. (NASDAQ:SABR)


Prospera Financial Services Inc reduced its position in shares of Saber Co. (NASDAQ: SABR – Get Rating) by 60.5% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 4,863 shares of the IT services provider after selling 7,437 shares during the quarter. Prospera Financial Services Inc’s holdings in Saber were worth $56,000 at the end of the last quarter.

Other institutional investors have also recently changed their stake in the company. Parallel Advisors LLC increased its position in Saber shares by 83.1% during the 1st quarter. Parallel Advisors LLC now owns 2,780 shares of the information technology service provider worth $32,000 after buying 1,262 additional shares in the last quarter. Cascade Investment Advisors Inc. increased its position in Saber shares by 40.9% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,080 shares of the information technology service provider worth $35,000 after buying 1,185 additional shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Saber shares by 57.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,982 shares of the information technology service provider worth $68,000 after buying 2,176 additional shares in the last quarter. Steward Financial Group LLC acquired a new position in shares of Saber during Q4 worth approximately $68,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Saber during Q4 worth approximately $85,000.

A Wall Street analyst gives his opinion

Several research analysts have recently published reports on SABR shares. Mizuho raised its price target on Saber from $6.00 to $7.00 and gave the stock a “neutral” rating in a Wednesday, August 3 research report. Morgan Stanley cut its price target on Saber from $13.00 to $10.00 and set an “equal weight” rating for the company in a Tuesday, July 12 report. StockNews.com upgraded Saber from a “sell” to a “hold” rating in a Sunday, May 8 report. Finally, Bank of America upgraded Saber from an “underperform” rating to a “buy” rating and set a price target of $10.00 for the company in a Wednesday, July 6 report.

Saber stock down 0.1%

SABR stock opened at $7.49 on Tuesday. The company has a market capitalization of $2.46 billion, a price-earnings ratio of -4.12 and a beta of 1.83. The company has a fifty-day simple moving average of $6.52 and a 200-day simple moving average of $8.56. Saber Co. has a 52-week minimum of $5.45 and a 52-week maximum of $12.65.

Saber (NASDAQ:SABR – Get Rating) last released quarterly earnings data on Tuesday, August 2. The information technology service provider reported ($0.25) EPS for the quarter, beating analyst consensus estimates of ($0.31) by $0.06. The company posted revenue of $657.53 million for the quarter, versus analyst estimates of $649.71 million. The company’s quarterly revenue increased 56.7% year over year. In the same quarter of the previous year, the company made ($0.61) earnings per share. As a group, analysts expect Saber Co. to post -1.35 earnings per share for the current fiscal year.

Profile Saber

(Get a rating)

Saber Corporation, through its subsidiary Saber 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, pricing and availability from a range of travel suppliers, including airlines, hotels, car rentals, rail carriers, cruise lines and tour operators with a network of travel buyers including online and offline travel agencies, travel management companies and corporate travel services .

Further reading

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Institutional ownership by quarter for Saber (NASDAQ:SABR)



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