Principal Financial Group Inc. Has $5.40 Million Holdings in Sabre Corporation (NASDAQ:SABR)

Principal Financial Group Inc. raised its holdings in Sabre Corporation (NASDAQ:SABRFree Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,922,397 shares of the information technology services provider’s stock after purchasing an additional 48,906 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Sabre worth $5,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SABR. Virtu Financial LLC bought a new position in shares of Sabre in the fourth quarter worth $123,000. Invesco Ltd. raised its position in Sabre by 7.9% during the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after purchasing an additional 194,356 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sabre by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,400 shares of the information technology services provider’s stock worth $794,000 after purchasing an additional 10,998 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Sabre by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider’s stock valued at $6,109,000 after acquiring an additional 30,236 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Sabre by 6.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 453,288 shares of the information technology services provider’s stock valued at $1,274,000 after purchasing an additional 27,225 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SABR. Sanford C. Bernstein reissued a “market perform” rating on shares of Sabre in a report on Monday. Morgan Stanley cut their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.28.

View Our Latest Stock Analysis on Sabre

Sabre Stock Performance

Shares of SABR opened at $3.04 on Thursday. The firm has a market cap of $1.18 billion, a PE ratio of -6.91 and a beta of 1.43. Sabre Corporation has a 52-week low of $1.93 and a 52-week high of $4.63. The business’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $3.06.

Sabre (NASDAQ:SABRGet Free Report) last announced its quarterly 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 analyst estimates of $794.65 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Research analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Sabre Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corporation (NASDAQ:SABRFree Report).

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.