Sabre Co. (NASDAQ:SABR) Shares Acquired by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lifted its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 2,384.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 248,434 shares of the information technology services provider's stock after purchasing an additional 238,434 shares during the period. Bouvel Investment Partners LLC owned about 0.06% of Sabre worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SABR. Abacus Planning Group Inc. acquired a new position in shares of Sabre during the first quarter worth about $38,000. Fifth Third Wealth Advisors LLC purchased a new position in Sabre in the first quarter worth approximately $28,000. Mackenzie Financial Corp grew its holdings in Sabre by 782.3% during the 4th quarter. Mackenzie Financial Corp now owns 214,300 shares of the information technology services provider's stock worth $782,000 after acquiring an additional 190,012 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sabre by 36.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 791,512 shares of the information technology services provider's stock valued at $2,889,000 after purchasing an additional 212,636 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Sabre by 25.5% in the 4th quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider's stock valued at $13,583,000 after purchasing an additional 755,600 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Trading Down 8.7%

Shares of Sabre stock traded down $0.25 on Friday, hitting $2.63. The stock had a trading volume of 8,684,052 shares, compared to its average volume of 4,637,762. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -3.65, a P/E/G ratio of 2.43 and a beta of 1.38. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The company's 50 day moving average price is $2.51 and its 200 day moving average price is $3.17.

Sabre (NASDAQ:SABR - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $794.65 million. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) earnings per share. Analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Wall Street Zen upgraded Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a research note on Tuesday, April 1st. Bank of America upgraded 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 note on Tuesday, March 4th. Finally, 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 report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Sabre currently has a consensus rating of "Hold" and an average price target of $4.28.

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.