Intech Investment Management LLC Has $3.25 Million Stock Holdings in 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 increased its position in Sabre Corporation (NASDAQ:SABR - Free Report) by 38.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,156,720 shares of the information technology services provider's stock after acquiring an additional 320,035 shares during the period. Intech Investment Management LLC owned approximately 0.30% of Sabre worth $3,250,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SABR. Fifth Third Wealth Advisors LLC bought a new position in Sabre in the 1st quarter valued at about $28,000. Blueshift Asset Management LLC bought a new position in Sabre in the 1st quarter valued at about $31,000. Abacus Planning Group Inc. bought a new position in Sabre in the 1st quarter valued at about $38,000. Bank of Nova Scotia bought a new position in Sabre in the 1st quarter valued at about $39,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Sabre during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Price Performance

SABR traded down $0.06 during midday trading on Tuesday, hitting $1.86. 5,303,726 shares of the company's stock traded hands, compared to its average volume of 6,195,784. The company has a market cap of $733.80 million, a PE ratio of -2.04 and a beta of 1.52. The stock's fifty day simple moving average is $2.38 and its 200-day simple moving average is $2.66. Sabre Corporation has a one year low of $1.69 and a one year high of $4.63.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SABR shares. Sanford C. Bernstein upgraded shares of Sabre from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Redburn Atlantic lowered shares of Sabre from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Morgan Stanley reaffirmed a "reduce" rating on shares of Sabre in a research note on Sunday, August 10th. Finally, Rothschild & Co Redburn lowered shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price objective for the company. in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sabre has a consensus rating of "Hold" and an average price target of $3.80.

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.