Mercer Global Advisors Inc. ADV Purchases New Holdings in Sabre Co. (NASDAQ:SABR)

Mercer Global Advisors Inc. ADV acquired a new stake in Sabre Co. (NASDAQ:SABR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,406 shares of the information technology services provider’s stock, valued at approximately $45,000.

A number of other hedge funds also recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its stake 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 purchasing an additional 3,142 shares during the period. Hsbc Holdings PLC increased its stake in shares of Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock worth $209,000 after purchasing an additional 3,195 shares during the period. Xponance Inc. increased its stake in Sabre by 22.1% during the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after acquiring an additional 5,395 shares during the period. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 6,298 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Sabre by 9.6% during the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock worth $286,000 after acquiring an additional 6,852 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Morgan Stanley lowered their price objective on Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. 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 note on Tuesday, April 1st. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.28.

Sabre Price Performance

NASDAQ SABR opened at $2.95 on Friday. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -4.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The business’s fifty day moving average is $2.64 and its 200 day moving average is $3.30.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter last year, the business posted ($0.02) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that Sabre Co. will post 0.04 earnings per share 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.