Empowered Funds LLC Invests $297,000 in Sabre Co. (NASDAQ:SABR)

Empowered Funds LLC acquired a new stake in Sabre Co. (NASDAQ:SABR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,361 shares of the information technology services provider’s stock, valued at approximately $297,000.

A number of other large investors have also made changes to their positions in SABR. FMR LLC raised its position in shares of Sabre by 24.5% in the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after buying an additional 3,116 shares during the period. GSA Capital Partners LLP increased its stake in Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after acquiring an additional 5,323 shares during the last quarter. International Assets Investment Management LLC raised 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 purchasing an additional 6,582 shares during the period. KBC Group NV lifted its stake in shares of Sabre by 92.3% in the 4th quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 9,734 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Sabre during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Ratings Changes

SABR has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Stock Performance

Shares of NASDAQ:SABR opened at $4.15 on Friday. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.30. The company’s fifty day moving average is $3.53 and its two-hundred day moving average is $3.44. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.25, a price-to-earnings-growth ratio of 2.06 and a beta of 1.79.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Sell-side analysts expect that Sabre Co. will post -0.3 EPS 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.