Northern Trust Corp Buys 333,690 Shares of Sabre Co. (NASDAQ:SABR)

Northern Trust Corp boosted its position in shares of Sabre Co. (NASDAQ:SABR) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,589,185 shares of the information technology services provider’s stock after buying an additional 333,690 shares during the quarter. Northern Trust Corp owned 1.19% of Sabre worth $16,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 267,778 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. KBC Group NV lifted its position in shares of Sabre by 92.3% during the fourth quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 9,734 shares during the last quarter. Boston Trust Walden Corp bought a new stake in shares of Sabre during the fourth quarter worth $62,000. Finally, Empowered Funds LLC bought a new stake in shares of Sabre during the fourth quarter worth $297,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SABR shares. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Morgan Stanley decreased their price objective on Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a report on Tuesday, April 1st. Finally, Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.28.

Sabre Price Performance

SABR opened at $2.99 on Thursday. The business’s 50-day moving average is $2.66 and its two-hundred day moving average is $3.32. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63. The firm has a market capitalization of $1.16 billion, a PE ratio of -4.15, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter in the previous year, the business earned ($0.02) EPS. Sabre’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect 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.