Ninety One UK Ltd Takes Position in Sabre Corporation $SABR

Key Points

• Ninety One UK Ltd has acquired approximately 4,950,524 shares of Sabre Corporation valued at around $15.6 million, representing an ownership of 1.28% as of its latest SEC filing.
• Several institutional investors, including UBS AM and Bouvel Investment Partners LLC, have significantly increased their positions in Sabre in recent quarters, with institutional ownership now at 89.42%.
• Sabre reported a quarterly loss of ($0.02) per share against revenue of $687.15 million, below analyst expectations, with a current consensus rating of "Hold" and a price target of $3.80.

Ninety One UK Ltd acquired a new position in shares of Sabre Corporation (NASDAQ:SABR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,950,524 shares of the information technology services provider's stock, valued at approximately $15,644,000. Ninety One UK Ltd owned about 1.28% of Sabre as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sabre by 36.7% during 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. Fifth Third Wealth Advisors LLC purchased a new stake in Sabre in the first quarter worth approximately $28,000. Abacus Planning Group Inc. bought a new position in Sabre during the first quarter valued at approximately $38,000. Bouvel Investment Partners LLC raised its stake in shares of Sabre by 2,384.3% during the first quarter. Bouvel Investment Partners LLC now owns 248,434 shares of the information technology services provider's stock worth $698,000 after acquiring an additional 238,434 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Sabre by 6.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 453,288 shares of the information technology services provider's stock worth $1,274,000 after acquiring an additional 27,225 shares in the last quarter. Institutional investors own 89.42% of the company's stock.

Sabre Stock Up 1.6%

Shares of Sabre stock opened at $1.86 on Thursday. The company's fifty day simple moving average is $2.07 and its two-hundred day simple moving average is $2.52. Sabre Corporation has a 12-month low of $1.69 and a 12-month high of $4.63. The firm has a market cap of $733.79 million, a PE ratio of -2.04 and a beta of 1.52.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $687.15 million for the quarter, compared to the consensus estimate of $718.16 million. During the same period in the prior year, the company posted ($0.05) EPS. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SABR. Rothschild & Co Redburn cut 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. Morgan Stanley reissued a "reduce" rating on shares of Sabre in a research note on Sunday, August 10th. Redburn Atlantic cut Sabre from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.80.

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.

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corporation (NASDAQ:SABR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.