JPMorgan Chase & Co. Has $3.38 Million Position in Sabre Co. (NASDAQ:SABR)

JPMorgan Chase & Co. cut its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 926,730 shares of the information technology services provider's stock after selling 603,343 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Sabre worth $3,383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in Sabre by 173.2% in the fourth 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 period. MML Investors Services LLC acquired a new stake in Sabre during the 3rd quarter worth $45,000. Briaud Financial Planning Inc bought a new position in Sabre during the fourth quarter worth about $51,000. Sprott Inc. acquired a new position in Sabre in the fourth quarter valued at about $55,000. Finally, FMR LLC lifted its holdings in shares of Sabre by 24.5% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Price Performance

NASDAQ:SABR traded up $0.11 during trading hours on Wednesday, hitting $2.15. The company's stock had a trading volume of 4,970,922 shares, compared to its average volume of 4,394,932. The company has a market capitalization of $830.05 million, a P/E ratio of -2.99, a PEG ratio of 2.43 and a beta of 1.39. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63. The stock has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $3.43.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. On average, equities analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SABR. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Finally, Morgan Stanley lowered their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. 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.com, Sabre has an average rating of "Hold" and an average target price of $4.28.

Sabre 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.