Prescott Group Capital Management L.L.C. Buys Shares of 192,100 Sabre Corporation (NASDAQ:SABR)

Key Points

• Prescott Group Capital Management L.L.C. has acquired a new position in Sabre Corporation, purchasing 192,100 shares valued at approximately $540,000.
• Several institutional investors have significantly increased their stakes in Sabre, with one firm raising its holdings by 744.8% during the fourth quarter.
• Sabre's stock has a current consensus rating of "Hold" with a target price set to $4.28 following a recent drop in Morgan Stanley's target from $5.00 to $3.50.

Prescott Group Capital Management L.L.C. bought a new stake in Sabre Corporation (NASDAQ:SABR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 192,100 shares of the information technology services provider's stock, valued at approximately $540,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC purchased a new stake in Sabre in the first quarter valued at approximately $28,000. Sterling Capital Management LLC raised its position in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 8,454 shares during the period. Abacus Planning Group Inc. purchased a new stake in Sabre in the first quarter valued at approximately $38,000. Mercer Global Advisors Inc. ADV purchased a new stake in Sabre in the fourth quarter valued at approximately $45,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sabre in the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Trading Down 0.3%

Shares of NASDAQ SABR traded down $0.01 during trading hours on Friday, reaching $3.15. The stock had a trading volume of 2,862,390 shares, compared to its average volume of 4,010,937. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -7.16 and a beta of 1.43. Sabre Corporation has a fifty-two week low of $1.93 and a fifty-two week high of $4.63. The firm has a 50-day moving average of $2.92 and a 200-day moving average of $3.04.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $794.65 million. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. On average, equities analysts predict that Sabre Corporation will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein reissued a "market perform" rating on shares of Sabre in a research report on Monday, July 14th. Morgan Stanley cut their target price on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Sabre currently has an average rating of "Hold" and a consensus target price of $4.28.

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.