Sabre Corporation $SABR Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Sabre Corporation by acquiring an additional 936,578 shares, bringing its total ownership to approximately 41.8 million shares, which is about 10.83% of the company.
• Sabre Corporation reported a decrease in quarterly revenue, posting $687.15 million against the consensus estimate of $718.16 million, alongside an earnings per share of ($0.02).
• Several hedge funds have significantly increased their holdings in Sabre, with 89.42% of the company's stock now owned by institutional investors.

Vanguard Group Inc. raised its position in Sabre Corporation (NASDAQ:SABR - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,795,327 shares of the information technology services provider's stock after acquiring an additional 936,578 shares during the quarter. Vanguard Group Inc. owned approximately 10.83% of Sabre worth $117,445,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SABR. Dimensional Fund Advisors LP lifted its stake in Sabre by 38.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock worth $13,198,000 after acquiring an additional 1,007,871 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Sabre by 35.4% during the 4th quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider's stock worth $12,892,000 after buying an additional 922,693 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Sabre by 25.5% during the 4th quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider's stock worth $13,583,000 after buying an additional 755,600 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sabre during the 4th quarter worth approximately $2,165,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Sabre by 27.8% during the 1st quarter. Allianz Asset Management GmbH now owns 2,617,378 shares of the information technology services provider's stock worth $7,355,000 after buying an additional 569,972 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SABR shares. Redburn Atlantic downgraded shares of Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley restated a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. Rothschild & Co Redburn downgraded shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price objective for the company. in a research report on Friday, August 15th. Finally, Sanford C. Bernstein upgraded shares of Sabre from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3.80.

Sabre Trading Up 2.3%

SABR stock traded up $0.04 on Wednesday, hitting $1.77. The company's stock had a trading volume of 4,873,936 shares, compared to its average volume of 12,478,078. The firm has a 50 day moving average of $2.72 and a two-hundred day moving average of $2.86. Sabre Corporation has a 1 year low of $1.71 and a 1 year high of $4.63. The stock has a market cap of $698.28 million, a price-to-earnings ratio of -1.95 and a beta of 1.47.

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

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.