Sabre Co. (NASDAQ:SABR) Stake Lifted by Swiss National Bank

Swiss National Bank raised its stake in Sabre Co. (NASDAQ:SABR) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 720,600 shares of the information technology services provider’s stock after buying an additional 8,700 shares during the quarter. Swiss National Bank owned approximately 0.19% of Sabre worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SABR. State Street Corp increased its holdings in shares of Sabre by 1.0% in the 3rd quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock worth $51,446,000 after acquiring an additional 140,218 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Sabre in the third quarter valued at approximately $36,185,000. Geode Capital Management LLC raised its holdings in shares of Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after buying an additional 145,383 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of Sabre during the fourth quarter valued at approximately $20,509,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sabre by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after buying an additional 39,509 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SABR. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Finally, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $3.27 on Friday. Sabre Co. has a 1 year low of $2.29 and a 1 year high of $4.63. The stock has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.58. The firm has a market cap of $1.26 billion, a P/E ratio of -4.54, a PEG ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last released 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). The company had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. On average, research analysts predict that Sabre Co. will post 0.04 earnings per share 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.