Jones Financial Companies Lllp Increases Stake in Sabre Co. (NASDAQ:SABR)

Jones Financial Companies Lllp boosted its stake in shares of Sabre Co. (NASDAQ:SABR) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,431 shares of the information technology services provider’s stock after acquiring an additional 6,852 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sabre were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SABR. Smartleaf Asset Management LLC grew its holdings in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 6,298 shares during the period. Zacks Investment Management acquired a new stake in Sabre in the third quarter valued at approximately $41,000. MML Investors Services LLC acquired a new stake in Sabre in the third quarter valued at approximately $45,000. Paloma Partners Management Co acquired a new stake in Sabre in the third quarter valued at approximately $54,000. Finally, Sprott Inc. acquired a new stake in Sabre in the fourth quarter valued at approximately $55,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SABR has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. Finally, Bank of America raised Sabre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th.

Sabre Price Performance

Shares of NASDAQ:SABR opened at $3.19 on Thursday. The business’s 50 day moving average price is $3.59 and its 200-day moving average price is $3.55. The firm has a market capitalization of $1.23 billion, a PE ratio of -4.43, a P/E/G ratio of 2.43 and a beta of 1.62. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. As a group, analysts expect that Sabre Co. will post 0.04 earnings per share for the current 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.