Sabre Co. (NASDAQ:SABR) Stake Lowered by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,858,749 shares of the information technology services provider's stock after selling 683,402 shares during the period. Vanguard Group Inc. owned approximately 10.59% of Sabre worth $149,134,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. U S Global Investors Inc. purchased a new stake in shares of Sabre in the fourth quarter worth about $20,509,000. JPMorgan Chase & Co. lifted 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 worth $5,615,000 after acquiring an additional 1,208,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sabre by 107.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider's stock worth $7,496,000 after acquiring an additional 1,062,191 shares during the period. Barclays PLC grew its position in 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 acquiring an additional 267,778 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock valued at $33,335,000 after purchasing an additional 145,383 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Trading Up 1.8 %

SABR stock traded up $0.04 during mid-day trading on Friday, hitting $2.31. 8,471,824 shares of the company were exchanged, compared to its average volume of 4,418,610. The firm has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $3.51. The company has a market capitalization of $891.82 million, a PE ratio of -3.21, a price-to-earnings-growth 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.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analysts' expectations of $716.60 million. As a group, sell-side analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SABR. Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research note on Tuesday, April 1st. Finally, Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and raised their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th.

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.