Intech Investment Management LLC Boosts Stake in Sabre Co. (NASDAQ:SABR)

Intech Investment Management LLC boosted its stake in shares of Sabre Co. (NASDAQ:SABR) by 403.5% in the third quarter, Holdings Channel reports. The institutional investor owned 91,116 shares of the information technology services provider’s stock after acquiring an additional 73,018 shares during the period. Intech Investment Management LLC’s holdings in Sabre were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SABR. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre during the 2nd quarter valued at $26,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre during the 2nd quarter valued at $32,000. International Assets Investment Management LLC lifted its holdings in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sabre during the 2nd quarter valued at $34,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sabre during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

SABR has been the subject of several analyst reports. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Sabre Price Performance

NASDAQ SABR opened at $3.62 on Wednesday. The stock’s fifty day moving average price is $3.61 and its 200 day moving average price is $3.22. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -4.58 and a beta of 1.80. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping 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. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. Research analysts expect that Sabre Co. will post -0.3 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.