Invesco Ltd. Raises Stock Position in Sabre Co. (NASDAQ:SABR)

Invesco Ltd. increased its position in shares of Sabre Co. (NASDAQ:SABR) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,654,980 shares of the information technology services provider’s stock after acquiring an additional 194,356 shares during the period. Invesco Ltd. owned approximately 0.69% of Sabre worth $9,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SABR. FMR LLC grew its holdings 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 in the last quarter. MML Investors Services LLC purchased a new position in Sabre in the 3rd quarter worth approximately $45,000. Barclays PLC grew its stake in Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after buying an additional 267,778 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after buying an additional 145,383 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 valued at $5,615,000 after buying an additional 1,208,269 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Stock Up 5.4 %

Shares of NASDAQ SABR opened at $2.15 on Thursday. The company has a market cap of $830.05 million, a price-to-earnings ratio of -2.99, a PEG ratio of 2.43 and a beta of 1.39. The firm’s fifty day moving average is $3.11 and its 200 day moving average is $3.42. Sabre Co. has a 52 week low of $1.93 and a 52 week high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. Equities research analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SABR. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective on the stock in a research report on Tuesday, April 1st. Morgan Stanley decreased their price target 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, April 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and upped their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Three 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, the company has an average rating of “Hold” and a consensus 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.