Bouvel Investment Partners LLC Buys 238,434 Shares of Sabre Corporation (NASDAQ:SABR)

Bouvel Investment Partners LLC boosted its holdings in shares of Sabre Corporation (NASDAQ:SABR - Free Report) by 2,384.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,434 shares of the information technology services provider's stock after buying an additional 238,434 shares during the period. Bouvel Investment Partners LLC owned about 0.06% of Sabre worth $698,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Sabre during the fourth quarter valued at $123,000. Invesco Ltd. increased its position in shares of Sabre by 7.9% during the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sabre by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,400 shares of the information technology services provider's stock valued at $794,000 after purchasing an additional 10,998 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Sabre by 1.8% during the 4th 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 purchasing an additional 30,236 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Sabre by 7.8% in the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock valued at $16,751,000 after buying an additional 333,690 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SABR shares. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Morgan Stanley reduced their price objective 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. Finally, 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 report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.28.

Sabre Trading Down 2.6%

Shares of SABR traded down $0.07 during mid-day trading on Wednesday, hitting $2.60. 3,570,824 shares of the company traded hands, compared to its average volume of 4,650,808. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -5.91 and a beta of 1.38. The business has a 50-day moving average of $2.53 and a 200 day moving average of $3.16. Sabre Corporation has a one year low of $1.93 and a one year high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results 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 firm had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same period in the prior year, the business earned ($0.02) earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts anticipate that Sabre Corporation will post 0.04 earnings per share for the current year.

Sabre Company 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.