Icon Advisers Inc. Co. Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

Icon Advisers Inc. Co. lifted its position in Sabre Co. (NASDAQ:SABR - Free Report) by 51.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 393,129 shares of the information technology services provider's stock after acquiring an additional 133,129 shares during the period. Icon Advisers Inc. Co. owned 0.10% of Sabre worth $1,435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 3,116 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Sabre by 8.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock worth $146,000 after acquiring an additional 3,142 shares in the last quarter. Xponance Inc. grew its stake in shares of Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock worth $109,000 after acquiring an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 6,298 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Sabre by 9.6% in the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock worth $286,000 after purchasing an additional 6,852 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Morgan Stanley decreased their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday. Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a report on Tuesday, April 1st. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.28.

Sabre Price Performance

Shares of SABR remained flat at $2.03 during trading hours on Friday. The company had a trading volume of 3,798,133 shares, compared to its average volume of 4,402,958. Sabre Co. has a one year low of $1.93 and a one year high of $4.63. The firm has a 50 day moving average price of $3.19 and a two-hundred day moving average price of $3.45. The company has a market cap of $783.72 million, a price-to-earnings ratio of -2.82, a PEG ratio of 2.43 and a beta of 1.39.

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

Sabre Company 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.