Invesco Ltd. grew its position in Sabre Co. (NASDAQ:SABR - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,654,980 shares of the information technology services provider's stock after buying an additional 194,356 shares during the period. Invesco Ltd. owned approximately 0.69% of Sabre worth $9,691,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SABR. U S Global Investors Inc. bought a new position in Sabre in the 4th quarter valued at approximately $20,509,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock worth $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. Norges Bank bought a new position in Sabre during the 4th quarter valued at about $5,955,000. JPMorgan Chase & Co. lifted its position in Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock valued at $5,615,000 after purchasing an additional 1,208,269 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Sabre by 107.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider's stock valued at $7,496,000 after buying an additional 1,062,191 shares during the period. Institutional investors own 89.42% of the company's stock.
Sabre Stock Performance
NASDAQ SABR traded up $0.02 during trading on Friday, hitting $2.19. The stock had a trading volume of 3,355,238 shares, compared to its average volume of 4,398,750. The stock has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $3.41. Sabre Co. has a one year low of $1.93 and a one year high of $4.63. The stock has a market capitalization of $845.49 million, a price-to-earnings ratio of -3.04, a P/E/G ratio of 2.43 and a beta of 1.39.
Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. On average, sell-side analysts predict that Sabre Co. will post 0.04 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on SABR shares. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective on the stock in a research note on Tuesday, April 1st. Morgan Stanley dropped their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Three 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, Sabre presently has a consensus rating of "Hold" and an average target price of $4.28.
Read Our Latest Stock Report on Sabre
Sabre Company Profile
(
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.
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