MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 10,998 Shares of Sabre Co. (NASDAQ:SABR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sabre Co. (NASDAQ:SABR) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,400 shares of the information technology services provider’s stock after acquiring an additional 10,998 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Sabre worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SABR. Summit Investment Advisors Inc. lifted its position in shares of Sabre by 8.5% in the 4th 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 lifted its holdings in Sabre by 5.9% in the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock worth $209,000 after buying an additional 3,195 shares during the period. Xponance Inc. lifted its holdings in Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after buying an additional 5,395 shares during the period. Smartleaf Asset Management LLC boosted its position 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 valued at $36,000 after acquiring an additional 6,298 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of 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 hedge funds and other institutional investors.

Sabre Trading Down 1.2%

Shares of NASDAQ:SABR opened at $2.55 on Tuesday. The stock has a fifty day simple moving average of $2.55 and a two-hundred day simple moving average of $3.27. Sabre Co. has a 12-month low of $1.93 and a 12-month high of $4.63. The stock has a market capitalization of $988.91 million, a price-to-earnings ratio of -3.54, a PEG ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results 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 firm had revenue of $776.62 million during the quarter, compared to analysts’ expectations of $794.65 million. Sabre’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, equities research analysts predict that Sabre Co. will post 0.04 EPS for the current year.

Analyst Ratings Changes

SABR has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Sanford C. Bernstein upgraded shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a report on Tuesday, April 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and lifted their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Wall Street Zen upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.