Fmr LLC Raises Stake in Sabre Co. (NASDAQ:SABR)

Fmr LLC lifted its stake in shares of Sabre Co. (NASDAQ:SABR) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,849 shares of the information technology services provider’s stock after acquiring an additional 3,116 shares during the period. Fmr LLC’s holdings in Sabre were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Earnest Partners LLC raised its stake in Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after purchasing an additional 12,838,230 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Sabre by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after buying an additional 39,509 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sabre by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after buying an additional 150,989 shares during the last quarter. Creative Planning raised its position in shares of Sabre by 9.7% during the 3rd quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock valued at $10,960,000 after buying an additional 264,026 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Sabre by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,242,931 shares of the information technology services provider’s stock valued at $5,989,000 after acquiring an additional 138,864 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SABR. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Sabre currently has an average rating of “Hold” and a consensus price target of $3.50.

Sabre Stock Up 0.3 %

NASDAQ:SABR opened at $3.74 on Wednesday. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.63. The stock’s fifty day moving average is $3.72 and its two-hundred day moving average is $3.30. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) earnings per share. On average, sell-side analysts expect that Sabre Co. will post -0.3 EPS 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.