Geode Capital Management LLC Acquires 22,537 Shares of Sabre Co. (NASDAQ:SABR)

Geode Capital Management LLC grew its position in Sabre Co. (NASDAQ:SABR) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,103,796 shares of the information technology services provider’s stock after acquiring an additional 22,537 shares during the period. Geode Capital Management LLC owned 2.36% of Sabre worth $33,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SABR. FMR LLC grew its stake in shares of Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 3,116 shares during the period. Xponance Inc. grew its holdings in Sabre by 22.1% during the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after purchasing an additional 5,395 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after buying an additional 6,298 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Sabre by 9.6% in the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock valued at $286,000 after purchasing an additional 6,852 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Sabre by 15.8% during the fourth quarter. HighTower Advisors LLC now owns 61,982 shares of the information technology services provider’s stock worth $226,000 after purchasing an additional 8,457 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price objective on shares of Sabre 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 report on Tuesday, April 1st. Morgan Stanley dropped their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Sabre presently has a consensus rating of “Hold” and a consensus target price of $4.28.

Sabre Price Performance

NASDAQ SABR opened at $2.03 on Thursday. The company’s 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $3.47. The stock has a market capitalization of $783.72 million, a PE ratio of -2.82, a P/E/G ratio of 2.43 and a beta of 1.39. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS 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 analyst estimates of $716.60 million. On average, research analysts anticipate that Sabre Co. will post 0.04 EPS for the current year.

About Sabre

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.