Voya Investment Management LLC cut its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,139,983 shares of the information technology services provider's stock after selling 134,755 shares during the period. Voya Investment Management LLC owned about 0.30% of Sabre worth $4,161,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after purchasing an additional 267,778 shares during the period. JPMorgan Chase & Co. lifted 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 valued at $5,615,000 after purchasing an additional 1,208,269 shares in the last quarter. KBC Group NV boosted its position in shares of Sabre by 92.3% in 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 during the period. Boston Trust Walden Corp purchased a new stake in shares of Sabre in the fourth quarter worth $62,000. Finally, Empowered Funds LLC purchased a new stake in shares of Sabre in the fourth quarter worth $297,000. Institutional investors own 89.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on SABR shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. StockNews.com upgraded 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 price target on the stock in a research report on Tuesday, April 1st. Finally, Morgan Stanley lowered 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sabre has a consensus rating of "Hold" and an average price target of $4.28.
Get Our Latest Stock Analysis on SABR
Sabre Price Performance
Shares of SABR traded down $0.05 during mid-day trading on Wednesday, reaching $2.41. 2,256,175 shares of the company's stock traded hands, compared to its average volume of 4,395,934. The stock's 50-day moving average is $2.82 and its two-hundred day moving average is $3.36. Sabre Co. has a 12 month low of $1.93 and a 12 month high of $4.63. The stock has a market cap of $928.50 million, a P/E ratio of -3.33, a P/E/G ratio of 2.43 and a beta of 1.36.
Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company's revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share. Research analysts predict that Sabre Co. will post 0.04 earnings per share for the current year.
Sabre Company Profile
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Free Report)
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.
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