Norges Bank acquired a new position in shares of Sabre Co. (NASDAQ:SABR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,631,626 shares of the information technology services provider's stock, valued at approximately $5,955,000. Norges Bank owned 0.42% of Sabre as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SABR. U S Global Investors Inc. purchased a new position in shares of Sabre during the fourth quarter valued at $20,509,000. JPMorgan Chase & Co. increased its position in Sabre by 375.5% during the 3rd 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. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 purchasing an additional 1,062,191 shares during the period. Barclays PLC raised its holdings in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Sabre by 1.6% in the 3rd 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 during the period. Institutional investors own 89.42% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on SABR shares. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and increased their target price for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a report on Tuesday, April 1st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price objective on shares of Sabre in a report on Friday, February 21st.
View Our Latest Stock Analysis on SABR
Sabre Stock Up 0.2 %
Shares of SABR stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.13. 454,476 shares of the stock were exchanged, compared to its average volume of 4,404,872. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The company has a market cap of $820.40 million, a PE ratio of -2.95, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The firm has a fifty day moving average of $3.31 and a 200 day moving average of $3.49.
Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. Equities analysts predict that Sabre Co. will post 0.04 EPS for the current year.
Sabre 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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