State Street Corp Purchases 140,218 Shares of Sabre Co. (NASDAQ:SABR)

State Street Corp grew its holdings in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,018,002 shares of the information technology services provider's stock after purchasing an additional 140,218 shares during the quarter. State Street Corp owned about 3.63% of Sabre worth $51,446,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted 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 purchasing an additional 6,582 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Sabre in the second quarter valued at approximately $26,000. Wellington Wealth Strategies LLC. purchased a new position in Sabre during the second quarter valued at approximately $32,000. 626 Financial LLC purchased a new stake in Sabre in the 3rd quarter worth approximately $44,000. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in Sabre in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Analyst Ratings Changes

SABR has been the topic of a number of recent analyst reports. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research report on Monday. Sanford C. Bernstein reiterated an "underperform" rating and set a $3.00 price target on shares of Sabre in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $3.50.

Sabre Stock Up 1.6 %

Shares of NASDAQ SABR traded up $0.06 during trading hours on Friday, reaching $3.86. 12,128,160 shares of the stock traded hands, compared to its average volume of 4,451,198. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.63. The company's 50-day simple moving average is $3.70 and its two-hundred day simple moving average is $3.28. The company has a market capitalization of $1.49 billion, a P/E ratio of -4.89 and a beta of 1.80.

Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. Sabre's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. As a group, sell-side analysts forecast that Sabre Co. will post -0.3 earnings per share 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.