Deutsche Bank AG grew its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock worth $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. U S Global Investors Inc. purchased a new stake in shares of Sabre in the fourth quarter worth approximately $20,509,000. Northern Trust Corp lifted its stake in shares of Sabre by 7.8% during the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock worth $16,751,000 after acquiring an additional 333,690 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sabre by 38.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock worth $13,198,000 after acquiring an additional 1,007,871 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Sabre by 7.9% during the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock valued at $9,691,000 after acquiring an additional 194,356 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price on the stock in a research note on Tuesday, April 1st. Morgan Stanley dropped 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 note on Wednesday, April 16th. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Finally, Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and increased their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.28.
Check Out Our Latest Analysis on SABR
Sabre Trading Down 1.0%
Shares of SABR stock traded down $0.03 during trading hours on Thursday, reaching $2.58. 1,334,518 shares of the company's stock were exchanged, compared to its average volume of 4,474,340. The company has a market cap of $998.60 million, a price-to-earnings ratio of -3.56, a P/E/G ratio of 2.43 and a beta of 1.36. Sabre Co. has a fifty-two week low of $1.93 and a fifty-two week high of $4.63. The stock's 50 day moving average is $2.61 and its 200-day moving average is $3.29.
Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $776.62 million for the quarter, compared to analysts' expectations of $794.65 million. The firm's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. Equities analysts anticipate that Sabre Co. will post 0.04 EPS for the current year.
Sabre Company Profile
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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.
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