Nuveen Asset Management LLC Has $4.25 Million Holdings in Sabre Co. (NASDAQ:SABR)

Nuveen Asset Management LLC lessened its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165,383 shares of the information technology services provider's stock after selling 240,665 shares during the period. Nuveen Asset Management LLC owned about 0.30% of Sabre worth $4,254,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Virtu Financial LLC bought a new position in Sabre during the fourth quarter worth about $123,000. Barclays PLC raised its stake in shares of Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after acquiring an additional 267,778 shares during the last quarter. Invesco Ltd. raised its stake in shares of Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock valued at $9,691,000 after acquiring an additional 194,356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sabre by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,400 shares of the information technology services provider's stock valued at $794,000 after acquiring an additional 10,998 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Sabre by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock valued at $6,109,000 after acquiring an additional 30,236 shares during the last quarter. Institutional investors own 89.42% of the company's stock.

Sabre Trading Down 0.4%

Shares of Sabre stock traded down $0.01 during trading on Tuesday, hitting $2.59. 4,928,640 shares of the stock were exchanged, compared to its average volume of 4,561,170. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The company has a fifty day moving average price of $2.47 and a 200-day moving average price of $3.23. Sabre Co. has a 1-year low of $1.93 and a 1-year high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business's revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a report on Tuesday, April 1st. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley lowered their target price on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sabre currently has an average rating of "Hold" and an average target price 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.