CIBC Asset Management Inc Has $43,000 Stock Holdings in Sabre Co. (NASDAQ:SABR)

CIBC Asset Management Inc lessened its holdings in shares of Sabre Co. (NASDAQ:SABR) by 49.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,721 shares of the information technology services provider’s stock after selling 11,307 shares during the period. CIBC Asset Management Inc’s holdings in Sabre were worth $43,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SABR. International Assets Investment Management LLC grew its holdings in Sabre by 267.0% during 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 period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Sabre in the 3rd quarter valued at $46,000. Versor Investments LP acquired a new position in shares of Sabre in the 3rd quarter valued at $287,000. GSA Capital Partners LLP grew its holdings in shares of Sabre by 12.9% in the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after buying an additional 5,323 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Sabre in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SABR shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One 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. According to MarketBeat, Sabre has a consensus rating of “Hold” and a consensus target price of $3.25.

Sabre Trading Down 3.3 %

SABR opened at $4.16 on Thursday. The firm’s fifty day simple moving average is $3.56 and its 200 day simple moving average is $3.48. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $4.63. The stock has a market capitalization of $1.61 billion, a P/E ratio of -5.78, a P/E/G ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. On average, equities research analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

About Sabre

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.