Smartleaf Asset Management LLC Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

Smartleaf Asset Management LLC increased its position in shares of Sabre Co. (NASDAQ:SABR) by 173.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,935 shares of the information technology services provider’s stock after purchasing an additional 6,298 shares during the period. Smartleaf Asset Management LLC’s holdings in Sabre were worth $36,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after buying an additional 1,208,269 shares in the last quarter. Geode Capital Management LLC raised its position in Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after acquiring an additional 145,383 shares in the last quarter. Barclays PLC raised its position in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after acquiring an additional 267,778 shares in the last quarter. Algert Global LLC increased its holdings in shares of Sabre by 44.2% in the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after purchasing an additional 134,340 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Sabre by 65.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock valued at $3,639,000 after purchasing an additional 390,621 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a report on Friday, February 21st. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and raised their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th.

Sabre Trading Down 6.4 %

NASDAQ:SABR opened at $3.35 on Wednesday. The firm has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $3.55. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.63. The company has a market capitalization of $1.29 billion, a P/E ratio of -4.65, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. On average, equities research analysts predict 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.