5,618,937 Shares in Sabre Co. (NASDAQ:SABR) Acquired by U S Global Investors Inc.

U S Global Investors Inc. purchased a new position in shares of Sabre Co. (NASDAQ:SABR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,618,937 shares of the information technology services provider's stock, valued at approximately $20,509,000. Sabre makes up 2.0% of U S Global Investors Inc.'s portfolio, making the stock its 16th biggest holding. U S Global Investors Inc. owned about 1.46% of Sabre at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SABR. Erste Asset Management GmbH acquired a new stake in shares of Sabre in the third quarter valued at approximately $36,185,000. JPMorgan Chase & Co. boosted its stake 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 worth $5,615,000 after purchasing an additional 1,208,269 shares during the period. Beaconlight Capital LLC grew its position in Sabre by 32.2% during the 3rd quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider's stock worth $14,515,000 after purchasing an additional 962,665 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Sabre by 65.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider's stock valued at $3,639,000 after purchasing an additional 390,621 shares during the period. Finally, Barclays PLC raised its holdings in shares of Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after buying an additional 267,778 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein reissued an "underperform" rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.25.

Sabre Stock Down 4.8 %

NASDAQ SABR traded down $0.20 during trading hours on Monday, hitting $3.93. 3,913,090 shares of the stock were exchanged, compared to its average volume of 3,934,530. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63. The stock has a 50-day moving average of $3.58 and a 200 day moving average of $3.51. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -5.46, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (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 analyst estimates of $716.60 million. On average, equities research analysts expect that Sabre Co. will post 0.04 earnings per share for the current year.

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.