First Trust Advisors LP Grows Position in Sabre Co. (NASDAQ:SABR)

First Trust Advisors LP boosted its position in Sabre Co. (NASDAQ:SABR - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,184,139 shares of the information technology services provider's stock after acquiring an additional 467,579 shares during the quarter. First Trust Advisors LP owned 0.31% of Sabre worth $4,322,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SABR. Summit Investment Advisors Inc. raised its holdings in shares of Sabre by 8.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock valued at $146,000 after purchasing an additional 3,142 shares in the last quarter. Xponance Inc. increased its holdings in Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock valued at $109,000 after buying an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock valued at $36,000 after buying an additional 6,298 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Sabre by 9.6% during the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock worth $286,000 after buying an additional 6,852 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Sabre by 744.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 8,454 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Trading Up 3.7 %

SABR stock traded up $0.09 on Monday, hitting $2.53. The company's stock had a trading volume of 7,968,640 shares, compared to its average volume of 4,390,262. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63. The stock has a market cap of $976.76 million, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The firm has a 50 day moving average of $2.88 and a two-hundred day moving average of $3.37.

Sabre (NASDAQ:SABR - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. As a group, equities analysts forecast that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SABR shares. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. 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. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Morgan Stanley decreased their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Sabre currently has an average rating of "Hold" and a consensus price target 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.