International Assets Investment Management LLC Increases Holdings in Sabre Co. (NASDAQ:SABR)

International Assets Investment Management LLC grew its holdings in Sabre Co. (NASDAQ:SABR) by 267.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,047 shares of the information technology services provider’s stock after acquiring an additional 6,582 shares during the quarter. International Assets Investment Management LLC’s holdings in Sabre were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Sabre by 1.6% in the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after acquiring an additional 678,588 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares during the last quarter. Discerene Group LP boosted its position in shares of Sabre by 19.0% in the 1st quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock valued at $46,541,000 after purchasing an additional 3,064,588 shares during the period. Bank of New York Mellon Corp grew its stake in Sabre by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after buying an additional 150,989 shares during the last quarter. Finally, Creative Planning increased its position in Sabre by 9.7% during the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock worth $10,960,000 after buying an additional 264,026 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 2.6 %

NASDAQ SABR opened at $3.60 on Friday. The firm has a market cap of $1.39 billion, a P/E ratio of -4.56 and a beta of 1.74. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.68. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.11.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. During the same period in the previous year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Sabre Co. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Tuesday.

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.