Bank of New York Mellon Corp Has $10.45 Million Stock Position in Sabre Co. (NASDAQ:SABR)

Bank of New York Mellon Corp lessened its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,862,028 shares of the information technology services provider's stock after selling 78,655 shares during the period. Bank of New York Mellon Corp owned about 0.74% of Sabre worth $10,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zacks Investment Management bought a new position in shares of Sabre during the third quarter worth about $41,000. MML Investors Services LLC bought a new position in shares of Sabre during the 3rd quarter worth approximately $45,000. Paloma Partners Management Co bought a new stake in shares of Sabre in the third quarter worth $54,000. FMR LLC boosted its holdings in Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 3,116 shares during the last quarter. Finally, Boston Trust Walden Corp acquired a new position in Sabre during the fourth quarter worth $62,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Trading Up 3.3 %

NASDAQ:SABR traded up $0.11 on Monday, hitting $3.44. The company's stock had a trading volume of 5,354,056 shares, compared to its average volume of 3,994,407. Sabre Co. has a one year low of $1.90 and a one year high of $4.63. The stock has a fifty day moving average of $3.58 and a two-hundred day moving average of $3.55. The firm has a market capitalization of $1.33 billion, a P/E ratio of -4.78, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

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Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analysts' expectations of $716.60 million. As a group, sell-side analysts anticipate that Sabre Co. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SABR. Sanford C. Bernstein restated an "underperform" rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $4.00 target price on shares of Sabre in a report on Friday, February 21st.

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.