Sabre Co. (NASDAQ:SABR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Sabre Co. (NASDAQ:SABR) by 375.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,530,073 shares of the information technology services provider’s stock after acquiring an additional 1,208,269 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Sabre worth $5,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SABR. Wellington Wealth Strategies LLC. purchased a new position in shares of Sabre in the second quarter worth $32,000. International Assets Investment Management LLC increased its position 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 valued at $33,000 after acquiring an additional 6,582 shares during the period. Canada Pension Plan Investment Board purchased a new position in Sabre in the 2nd quarter worth $34,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Sabre during the 2nd quarter worth about $35,000. Finally, Zacks Investment Management purchased a new stake in Sabre during the 3rd quarter valued at about $41,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Down 3.6 %

Sabre stock opened at $3.24 on Friday. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.60. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -4.10, a price-to-earnings-growth ratio of 1.85 and a beta of 1.80. The business’s 50-day moving average price is $3.68 and its 200 day moving average price is $3.39.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Sabre in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Sabre has a consensus rating of “Hold” and an average price target of $3.25.

Sabre 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.