Mackenzie Financial Corp Purchases 190,012 Shares of Sabre Co. (NASDAQ:SABR)

Mackenzie Financial Corp grew its position in Sabre Co. (NASDAQ:SABR - Free Report) by 782.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 214,300 shares of the information technology services provider's stock after buying an additional 190,012 shares during the period. Mackenzie Financial Corp owned approximately 0.06% of Sabre worth $782,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Sabre by 831.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock valued at $21,388,000 after purchasing an additional 5,230,239 shares during the period. U S Global Investors Inc. bought a new position in shares of Sabre during the fourth quarter worth about $20,509,000. Northern Trust Corp raised its position in Sabre by 7.8% in the 4th 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 during the last quarter. Two Sigma Advisers LP lifted its stake in 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 acquiring an additional 755,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sabre by 38.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock valued at $13,198,000 after acquiring an additional 1,007,871 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SABR shares. Wall Street Zen raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective on the stock in a research note on Tuesday, April 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.28.

Sabre Stock Down 1.5%

Shares of SABR traded down $0.04 during midday trading on Tuesday, reaching $2.56. 6,984,738 shares of the stock were exchanged, compared to its average volume of 4,569,246. The stock's 50 day simple moving average is $2.47 and its 200 day simple moving average is $3.23. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63. The company has a market cap of $992.79 million, a P/E ratio of -3.56, a PEG ratio of 2.43 and a beta of 1.36.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $776.62 million for the quarter, compared to analysts' expectations of $794.65 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The firm's revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts predict that Sabre Co. will post 0.04 earnings per share for the current year.

About Sabre

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.