Algert Global LLC Raises Stock Holdings in Sabre Co. (NASDAQ:SABR)

Algert Global LLC boosted its holdings in shares of Sabre Co. (NASDAQ:SABR) by 44.2% in the third quarter, Holdings Channel.com reports. The fund owned 438,515 shares of the information technology services provider’s stock after acquiring an additional 134,340 shares during the quarter. Algert Global LLC’s holdings in Sabre were worth $1,609,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SABR. Charles Schwab Investment Management Inc. boosted its position in Sabre by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock valued at $20,020,000 after buying an additional 39,509 shares during the period. Integrated Investment Consultants LLC grew its holdings in Sabre by 135.7% during the 3rd quarter. Integrated Investment Consultants LLC now owns 131,006 shares of the information technology services provider’s stock worth $481,000 after acquiring an additional 75,436 shares in the last quarter. Intech Investment Management LLC increased its position in Sabre by 403.5% during the 3rd quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 73,018 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of Sabre in the 3rd quarter valued at about $77,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 worth $3,639,000 after purchasing an additional 390,621 shares during the period. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Sabre stock opened at $3.77 on Thursday. The business has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.19. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -4.82 and a beta of 1.74.

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

Analysts Set New Price Targets

SABR has been the subject of a number of recent research reports. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.50.

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.