Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 107.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,053,822 shares of the information technology services provider's stock after acquiring an additional 1,062,191 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.53% of Sabre worth $7,496,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after acquiring an additional 1,208,269 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock worth $33,335,000 after purchasing an additional 145,383 shares in the last quarter. Barclays PLC grew its stake in shares of Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Algert Global LLC grew its stake in shares of Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider's stock worth $1,609,000 after purchasing an additional 134,340 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Sabre during the third quarter worth $45,000. Institutional investors and hedge funds own 89.42% of the company's stock.
Sabre Stock Up 3.5 %
SABR traded up $0.12 on Wednesday, reaching $3.56. The company had a trading volume of 4,405,535 shares, compared to its average volume of 3,999,857. Sabre Co. has a 1 year low of $1.90 and a 1 year high of $4.63. The stock has a market capitalization of $1.37 billion, a PE ratio of -4.94, a P/E/G ratio of 2.43 and a beta of 1.62. The stock has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.56.
Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts' expectations of $716.60 million. As a group, analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on SABR shares. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein reiterated an "underperform" rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st.
View Our Latest Report on Sabre
About Sabre
(
Free Report)
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.
Further Reading
Before you consider Sabre, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabre wasn't on the list.
While Sabre currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
