Algert Global LLC Purchases 134,340 Shares of Sabre Co. (NASDAQ:SABR)

Algert Global LLC raised its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 44.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,515 shares of the information technology services provider's stock after acquiring an additional 134,340 shares during the period. Algert Global LLC owned approximately 0.11% of Sabre worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC acquired a new position in shares of Sabre during the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management bought a new position in Sabre during the 2nd quarter worth $29,000. Wellington Wealth Strategies LLC. bought a new stake in shares of Sabre during the 2nd quarter valued at $32,000. International Assets Investment Management LLC lifted its position in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 6,582 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Sabre during the 2nd quarter worth $34,000. 89.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SABR shares. StockNews.com downgraded Sabre from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reaffirmed 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, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $3.50.

Sabre Stock Performance

Sabre stock remained flat at $3.77 during midday trading on Thursday. The company's stock had a trading volume of 2,475,515 shares, compared to its average volume of 4,368,048. The firm has a market cap of $1.45 billion, a PE ratio of -4.77 and a beta of 1.74. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68. The firm's 50 day moving average is $3.57 and its 200-day moving average is $3.20.

Sabre (NASDAQ:SABR - Get Free Report) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. Sabre's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. Research analysts anticipate that Sabre Co. will post -0.3 EPS for the current fiscal 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.