Sabre Corporation $SABR Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. raised its position in Sabre Corporation (NASDAQ:SABR) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,173,592 shares of the information technology services provider’s stock after purchasing an additional 1,477,143 shares during the quarter. Sabre comprises 1.5% of U S Global Investors Inc.’s investment portfolio, making the stock its 20th biggest position. U S Global Investors Inc.’s holdings in Sabre were worth $13,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in Sabre in the 4th quarter valued at about $27,000. GSA Capital Partners LLP acquired a new position in Sabre in the 3rd quarter valued at about $32,000. Diligent Investors LLC acquired a new position in Sabre in the 3rd quarter valued at about $35,000. Caprock Group LLC acquired a new position in Sabre in the 3rd quarter valued at about $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SABR has been the topic of several recent analyst reports. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Sanford C. Bernstein restated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Stock Down 5.4%

Shares of SABR opened at $1.75 on Friday. Sabre Corporation has a fifty-two week low of $0.81 and a fifty-two week high of $3.52. The firm’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.53. The company has a market cap of $691.55 million, a P/E ratio of 1.51 and a beta of 0.85.

Sabre (NASDAQ:SABR) last announced its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $666.53 million for the quarter, compared to analysts’ expectations of $654.08 million. Research analysts forecast that Sabre Corporation will post -0.14 earnings per share for the current year.

About Sabre

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.