Barclays PLC Has $2.89 Million Stock Holdings in Sabre Co. (NASDAQ:SABR)

Barclays PLC increased its position in Sabre Co. (NASDAQ:SABR) by 51.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 786,425 shares of the information technology services provider’s stock after buying an additional 267,778 shares during the quarter. Barclays PLC owned 0.20% of Sabre worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. MML Investors Services LLC bought a new stake in Sabre during the 3rd quarter worth approximately $45,000. XTX Topco Ltd bought a new stake in shares of Sabre in the third quarter worth $244,000. Zacks Investment Management bought a new position in Sabre during the 3rd quarter worth $41,000. State Street Corp raised its position in Sabre by 1.0% during 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 purchasing an additional 140,218 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Sabre during the 3rd quarter worth about $367,000. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 0.3 %

NASDAQ:SABR opened at $3.74 on Wednesday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.63. The company has a fifty day moving average of $3.72 and a 200-day moving average of $3.30. The firm has a market capitalization of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the prior year, the company posted ($0.10) EPS. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that Sabre Co. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SABR. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Sabre currently has an average rating of “Hold” and an average price target of $3.50.

Sabre 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.