Erste Asset Management GmbH Acquires Shares of 9,869,429 Sabre Co. (NASDAQ:SABR)

Erste Asset Management GmbH purchased a new position in Sabre Co. (NASDAQ:SABR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,869,429 shares of the information technology services provider's stock, valued at approximately $36,185,000. Erste Asset Management GmbH owned approximately 2.56% of Sabre as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC bought a new stake in Sabre during the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management bought a new stake in shares of Sabre during the 2nd quarter valued at $29,000. Wellington Wealth Strategies LLC. purchased a new position in shares of Sabre during the 2nd quarter valued at $32,000. International Assets Investment Management LLC increased its stake in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock worth $33,000 after buying an additional 6,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Sabre during the second quarter valued at about $34,000. Institutional investors own 89.42% of the company's stock.

Sabre Trading Up 3.7 %

Shares of NASDAQ:SABR traded up $0.14 during mid-day trading on Friday, reaching $3.91. The stock had a trading volume of 3,289,037 shares, compared to its average volume of 4,047,444. The company has a market cap of $1.51 billion, a P/E ratio of -4.95 and a beta of 1.74. The business's 50 day moving average price is $3.59 and its 200 day moving average price is $3.21. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68.

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

Wall Street Analyst Weigh In

SABR has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com downgraded Sabre from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. One investment 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, the stock presently has a consensus rating of "Hold" and an average price target of $3.50.

About Sabre

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.