Sabre Co. (NASDAQ:SABR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Sabre Co. (NASDAQ:SABR) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,081,259 shares of the information technology services provider’s stock after acquiring an additional 145,383 shares during the quarter. Geode Capital Management LLC owned 2.35% of Sabre worth $33,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Wellington Wealth Strategies LLC. acquired a new position in Sabre in the second quarter worth approximately $32,000. International Assets Investment Management LLC grew its holdings in shares of Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Sabre during the second quarter worth $34,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sabre during the second quarter valued at $35,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Sabre in the 2nd quarter valued at $38,000. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Up 0.3 %

Shares of Sabre stock opened at $3.74 on Thursday. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.63. The company has a market cap of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80. The stock has a 50-day moving average price of $3.72 and a 200 day moving average price of $3.30.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. During the same period last year, the company earned ($0.10) earnings per share. Sabre’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SABR. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.50.

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.