Deutsche Bank AG grew its position in Sabre Co. (NASDAQ:SABR - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,328,644 shares of the information technology services provider's stock after purchasing an additional 463,356 shares during the period. Deutsche Bank AG owned approximately 0.60% of Sabre worth $8,500,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of SABR. JPMorgan Chase & Co. lifted its position in shares of Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after purchasing an additional 1,208,269 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sabre in the fourth quarter worth $123,000. Barclays PLC lifted its position in shares of Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock worth $9,691,000 after purchasing an additional 194,356 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of 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 worth $6,109,000 after purchasing an additional 30,236 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on SABR shares. Morgan Stanley cut their price objective 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. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Finally, StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Sabre has a consensus rating of "Hold" and an average price target of $4.28.
Check Out Our Latest Analysis on SABR
Sabre Price Performance
Shares of SABR opened at $2.95 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of -4.10, a PEG ratio of 2.43 and a beta of 1.36. The company's 50-day moving average is $2.64 and its 200-day moving average is $3.30. Sabre Co. has a fifty-two week low of $1.93 and a fifty-two week high of $4.63.
Sabre (NASDAQ:SABR - Get Free Report) last issued 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 firm had revenue of $776.62 million for the quarter, compared to the consensus estimate of $794.65 million. Sabre's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Analysts predict that Sabre Co. will post 0.04 earnings per share 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.
Further Reading
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