Intech Investment Management LLC Buys 320,035 Shares of Sabre Corporation $SABR

Key Points

• Intech Investment Management LLC increased its stake in Sabre Corporation by 38.3%, now holding approximately 1,156,720 shares valued at $3.25 million.
• Research firms have issued mixed ratings on Sabre shares, with Morgan Stanley maintaining a "reduce" rating, while Sanford C. Bernstein upgraded it to "outperform."
• Sabre reported a net loss of $0.02 per share for the last quarter, with revenues of $687.15 million, falling short of analysts' expectations.

Intech Investment Management LLC lifted its holdings in shares of Sabre Corporation (NASDAQ:SABR - Free Report) by 38.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,156,720 shares of the information technology services provider's stock after buying an additional 320,035 shares during the quarter. Intech Investment Management LLC owned about 0.30% of Sabre worth $3,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of Sabre by 6.3% during the 1st quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider's stock valued at $172,000 after buying an additional 3,637 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Sabre by 0.6% during 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 buying an additional 9,880 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider's stock valued at $639,000 after buying an additional 9,923 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre during the 1st quarter valued at $28,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Sabre by 40.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,667 shares of the information technology services provider's stock valued at $100,000 after buying an additional 10,204 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SABR has been the topic of several research reports. Morgan Stanley restated a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. Sanford C. Bernstein raised shares of Sabre from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $4.00 to $3.00 in a report on Monday, August 11th. Rothschild & Co Redburn lowered shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 target price on the stock. in a report on Friday, August 15th. Finally, Redburn Atlantic lowered shares of Sabre from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.80.

Sabre Price Performance

Sabre stock traded up $0.07 during trading hours on Thursday, reaching $1.91. The stock had a trading volume of 5,212,505 shares, compared to its average volume of 5,415,654. The stock has a market cap of $753.51 million, a PE ratio of -2.10 and a beta of 1.52. Sabre Corporation has a 52 week low of $1.69 and a 52 week high of $4.63. The company has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $2.63.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $687.15 million for the quarter, compared to analyst estimates of $718.16 million. The firm's revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Research analysts predict that Sabre Corporation will post 0.04 earnings per share for the current fiscal 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.