Prescott Group Capital Management L.L.C. Increases Stock Holdings in Sabre Corporation $SABR

Prescott Group Capital Management L.L.C. increased its holdings in Sabre Corporation (NASDAQ:SABR) by 766.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,954,897 shares of the information technology services provider’s stock after acquiring an additional 2,613,913 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Sabre were worth $4,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Discerene Group LP lifted its stake in Sabre by 34.5% in the third quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after acquiring an additional 7,323,272 shares during the period. U S Global Investors Inc. lifted its stake in Sabre by 17.0% in the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock worth $13,836,000 after acquiring an additional 1,477,143 shares during the period. Simon Quick Advisors LLC purchased a new stake in Sabre in the fourth quarter worth $1,326,000. Versor Investments LP purchased a new stake in Sabre in the fourth quarter worth $253,000. Finally, Connable Office Inc. purchased a new stake in Sabre in the fourth quarter worth $176,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Trading Up 1.9%

Shares of Sabre stock opened at $1.58 on Thursday. The firm has a market capitalization of $624.59 million, a P/E ratio of 1.45 and a beta of 1.01. The business has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $1.51. Sabre Corporation has a 12 month low of $0.81 and a 12 month high of $3.52.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. Analysts predict that Sabre Corporation will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

SABR has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $2.00 price target on shares of Sabre in a research note on Thursday, February 19th. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $1.97.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.