Oppenheimer Asset Management Inc. Buys 27,225 Shares of Sabre Corporation (NASDAQ:SABR)

Oppenheimer Asset Management Inc. grew its stake in shares of Sabre Corporation (NASDAQ:SABR) by 6.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 453,288 shares of the information technology services provider’s stock after buying an additional 27,225 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.12% of Sabre worth $1,274,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. U S Global Investors Inc. acquired a new position in shares of Sabre during the fourth quarter worth $20,509,000. Arrowstreet Capital Limited Partnership lifted its holdings in Sabre by 831.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock worth $21,388,000 after buying an additional 5,230,239 shares during the period. Norges Bank bought a new stake in shares of Sabre in the 4th quarter valued at about $5,955,000. Cooper Creek Partners Management LLC increased its stake in shares of Sabre by 139.7% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock valued at $9,629,000 after buying an additional 1,537,625 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Sabre by 107.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider’s stock worth $7,496,000 after acquiring an additional 1,062,191 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Performance

Sabre stock opened at $3.18 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -7.23 and a beta of 1.38. Sabre Corporation has a 52-week low of $1.93 and a 52-week high of $4.63. The stock’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $3.11.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $776.62 million for the quarter, compared to the consensus estimate of $794.65 million. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. On average, equities research analysts forecast that Sabre Corporation will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Sabre has a consensus rating of “Hold” and an average 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.