Sabre Co. (NASDAQ:SABR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sabre Co. (NASDAQ:SABR - Free Report) by 36.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 791,512 shares of the information technology services provider's stock after acquiring an additional 212,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Sabre worth $2,889,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of Sabre by 744.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after buying an additional 6,298 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Sabre in the 4th quarter valued at about $45,000. Briaud Financial Planning Inc purchased a new stake in Sabre in the 4th quarter valued at about $51,000. Finally, Sprott Inc. purchased a new position in shares of Sabre during the 4th quarter worth about $55,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded 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 research note on Friday, February 21st. 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. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Finally, Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and upped their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.28.

Sabre Stock Up 2.2%

Shares of Sabre stock traded up $0.06 during trading hours on Friday, hitting $2.76. The company's stock had a trading volume of 2,623,739 shares, compared to its average volume of 4,590,273. The company has a market capitalization of $1.07 billion, a PE ratio of -3.83, a P/E/G ratio of 2.43 and a beta of 1.36. The business has a fifty day moving average of $2.45 and a 200 day moving average of $3.21. 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 released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Sabre's revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current fiscal 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.