According to its most recent filing with the Securities and Exchange Commission, Quantamental Technologies LLC increased its position in Sabre Co. (NASDAQ: SABR – Get Rating) by 140.8% in the third quarter (SEC). After purchasing an additional 28,598 shares during the quarter, the institutional investor held 48,910 shares of the information technology services provider’s stock. The value of Quantamental Technologies LLC’s Sabre holdings at the conclusion of the most recent reporting period was $252,000.
Many other significant investors have lately updated their SABR holdings. In the first quarter, Raymond James & Associates grew its holdings in Sabre shares by 8.1%. Raymond James & Associates now owns 177,468 shares of the information technology services provider’s stock, valued at $2,028,000, after purchasing an additional 13,361 shares in the last recent quarter. During the first quarter, Bank of New York Mellon Corp increased its holdings in shares of Sabre by 0.9%. After purchasing an additional 26,741 shares during the quarter, Bank of New York Mellon Corp now has 3,141,433 shares of the information technology services provider’s stock valued at $35,907,00. During the first quarter, MetLife Investment Management LLC increased its holdings in shares of Sabre by 42.6%. MetLife Investment Management LLC now holds 223,500 shares of the information technology services provider’s stock, valued at $2,555,000, after purchasing another 66,759 shares during the period. During the first quarter, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Sabre shares by 10.5%. After purchasing an additional 11,302 shares during the quarter, Commonwealth of Pennsylvania Public School Empls Retrmt SYS now holds 118,536 shares of the information technology services provider’s stock worth $1,355,000. During the first quarter, Great West Life Assurance Company of Canada increased its holding in shares of Sabre by 9.7 per cent. Great West Life Assurance Company of Canada now owns 181,986 shares of the information technology services provider’s stock valued at $2,140,000 after purchasing an additional 16,079 shares during the period.
Stock Performance of Sabre.
On Friday, NASDAQ SABR shares opened at $4.57. The stock’s 50-day and 200-day moving average prices are $6.30 and $6.03, respectively. The 52-week low for Sabre Co. is $4.46 and the 52-week high is $11.77. The stock has a $1.50 billion market capitalization, a P/E ratio of -3.26, and a beta of 1.84.
Sabre (NASDAQ: SABR – Get Rating) reported its most recent quarterly earnings on February 15th. The supplier of information technology services announced quarterly earnings per share of ($0.40), missing the average estimate of ($0.39) by ($0.01). The company’s sales for the quarter was $631.18 million, compared to analysts’ forecasts of $673.88 million. Analysts predict that Sabre Co. will report negative earnings per share for the current fiscal year.
Experts Establish New Cost Goals.
Recently, several research analysts have weighed in on the firm. In a research note dated Wednesday, Sanford C. Bernstein acquired Sabre coverage. They assigned the business a “underperform” rating and a $4.00 price target. In a research note dated January 11th, Bank of America downgraded Sabre from a “buy” rating to a “underperform” rating and decreased their price target for the stock from $11.00 to $7.00. In a research report published on Thursday, February 16th, Morgan Stanley lowered their price target for Sabre from $7.00 to $6.50 and assigned the stock an “equal weight” rating. Two analysts have assigned a sell recommendation to the stock, three have assigned a hold rating, and one has assigned a buy rating. The stock now has a consensus rating of “Hold” and an average target price of $5.88, according to data from MarketBeat.com.
About Sabre (Get Rating)
Sabre Corporation is a provider of technological solutions to the worldwide travel and tourism sector. It offers business analytics, mobility, distribution, and software-as-a-service solutions that are data-driven. The business is divided into the following segments: Travel Services and Hospitality Services. Using a business-to-business travel marketplace, the Travel Solutions segment facilitates global travel for suppliers and buyers.