Northern Trust Corp Raises Stock Position in Sabre Co. (NASDAQ:SABR)

Northern Trust Corp raised its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,589,185 shares of the information technology services provider's stock after acquiring an additional 333,690 shares during the period. Northern Trust Corp owned 1.19% of Sabre worth $16,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after buying an additional 267,778 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after purchasing an additional 1,208,269 shares in the last quarter. KBC Group NV raised its holdings in Sabre by 92.3% during the fourth quarter. KBC Group NV now owns 20,280 shares of the information technology services provider's stock worth $74,000 after purchasing an additional 9,734 shares in the last quarter. Boston Trust Walden Corp purchased a new position in Sabre during the fourth quarter worth about $62,000. Finally, Empowered Funds LLC purchased a new position in Sabre during the fourth quarter worth about $297,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a report on Tuesday, April 1st. Cantor Fitzgerald reissued a "neutral" rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and increased their target price for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.28.

Sabre Stock Performance

Shares of SABR stock remained flat at $2.95 during trading hours on Friday. 3,926,100 shares of the stock traded hands, compared to its average volume of 4,454,851. The stock has a fifty day moving average of $2.64 and a two-hundred day moving average of $3.30. The firm has a market capitalization of $1.14 billion, a PE ratio of -4.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. Sabre's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. On average, analysts anticipate that Sabre Co. will post 0.04 earnings per share 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.