Nuveen LLC Purchases New Stake in Sabre Corporation $SABR

Key Points

• Nuveen LLC acquired over 1.1 million shares of Sabre Corporation worth approximately $3.3 million, representing about 0.30% ownership of the company as of the latest SEC filing.
• Institutional investors, including Renaissance Technologies and Barclays PLC, have also increased or initiated positions in Sabre, indicating a strong interest in the stock.
• Despite recent investments, Sabre's stock has faced challenges, with a reported EPS of ($0.02) and quarterly revenue lower than analyst expectations, contributing to a mixed consensus rating among analysts.

Nuveen LLC purchased a new position in shares of Sabre Corporation (NASDAQ:SABR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,165,383 shares of the information technology services provider's stock, valued at approximately $3,275,000. Nuveen LLC owned approximately 0.30% of Sabre at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC bought a new stake in Sabre during the first quarter worth $28,000. Blueshift Asset Management LLC bought a new stake in Sabre during the first quarter worth $31,000. Abacus Planning Group Inc. bought a new stake in Sabre during the first quarter worth $38,000. Bank of Nova Scotia bought a new stake in Sabre during the first quarter worth $39,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Sabre during the fourth quarter worth $45,000. 89.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

SABR has been the topic of several research analyst reports. Redburn Atlantic lowered shares of Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Rothschild & Co Redburn lowered shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price objective on the stock. in a research report on Friday, August 15th. Sanford C. Bernstein raised shares of Sabre from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Finally, Morgan Stanley reissued a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $3.80.

Sabre Price Performance

Shares of SABR remained flat at $1.79 during mid-day trading on Monday. 3,660,262 shares of the stock were exchanged, compared to its average volume of 12,256,666. The business's fifty day moving average price is $2.69 and its 200 day moving average price is $2.83. Sabre Corporation has a one year low of $1.71 and a one year high of $4.63. The company has a market cap of $706.18 million, a P/E ratio of -1.97 and a beta of 1.52.

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 (EPS) for the quarter. The company had revenue of $687.15 million for the quarter, compared to analyst estimates of $718.16 million. Sabre's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. On average, analysts anticipate that Sabre Corporation will post 0.04 earnings per share for the current year.

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.