Sabre Corporation (NASDAQ:SABR) Holdings Raised by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Sabre Corporation by 27.8%, acquiring 569,972 shares and now owns approximately 2.6 million shares valued at $7.36 million.
• Sabre reported a quarterly loss of ($0.02) EPS, missing estimates and showing a 0.8% decrease in revenue year-over-year.
• Current analysts' ratings for Sabre include a consensus of "Hold" with a price target of $4.28, with some recent reports adjusting targets as low as $3.50.

Allianz Asset Management GmbH boosted its holdings in Sabre Corporation (NASDAQ:SABR - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,617,378 shares of the information technology services provider's stock after acquiring an additional 569,972 shares during the quarter. Allianz Asset Management GmbH owned about 0.68% of Sabre worth $7,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Optimist Retirement Group LLC bought a new stake in shares of Sabre during the first quarter worth $193,000. Envestnet Asset Management Inc. boosted its stake in Sabre by 0.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider's stock valued at $4,731,000 after purchasing an additional 9,880 shares during the period. Principal Financial Group Inc. lifted its position in shares of Sabre by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider's stock valued at $5,402,000 after acquiring an additional 48,906 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Sabre during the 1st quarter worth $151,000. Finally, Oppenheimer Asset Management Inc. raised its position in Sabre by 6.4% in the first 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. Hedge funds and other institutional investors own 89.42% of the company's stock.

Analyst Ratings Changes

SABR has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Sabre in a report on Monday, July 14th. Morgan Stanley decreased their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.28.

Sabre Price Performance

SABR traded down $0.01 on Thursday, reaching $3.07. 684,846 shares of the stock were exchanged, compared to its average volume of 5,351,709. The firm has a market capitalization of $1.19 billion, a PE ratio of -6.94 and a beta of 1.43. The company's 50-day moving average price is $2.95 and its 200 day moving average price is $3.03. Sabre Corporation 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 released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. The business's revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) EPS. As a group, equities analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

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.