Mariner LLC Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

Mariner LLC increased its holdings in Sabre Co. (NASDAQ:SABR) by 17.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,969 shares of the information technology services provider’s stock after purchasing an additional 15,584 shares during the quarter. Mariner LLC’s holdings in Sabre were worth $390,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Summit Investment Advisors Inc. grew its holdings in shares of Sabre by 8.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock worth $146,000 after buying an additional 3,142 shares in the last quarter. Xponance Inc. lifted its position in Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 6,298 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Sabre by 9.6% in the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock valued at $286,000 after buying an additional 6,852 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Sabre by 744.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 8,454 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SABR has been the subject of a number of recent research reports. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. 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. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. Finally, Morgan Stanley dropped 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.28.

Sabre Price Performance

SABR opened at $2.44 on Friday. The stock’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $3.37. The stock has a market cap of $942.01 million, a P/E ratio of -3.39, 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 announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. Research analysts expect that Sabre Co. will post 0.04 EPS for the current fiscal 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.