Geode Capital Management LLC Acquires 22,537 Shares of Sabre Co. (NASDAQ:SABR)

Geode Capital Management LLC increased its holdings in Sabre Co. (NASDAQ:SABR) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,103,796 shares of the information technology services provider’s stock after acquiring an additional 22,537 shares during the period. Geode Capital Management LLC’s holdings in Sabre were worth $33,237,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SABR. JPMorgan Chase & Co. grew its stake in shares of Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after buying an additional 1,208,269 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Sabre during the fourth quarter valued at approximately $123,000. Barclays PLC increased its stake in shares of 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 buying an additional 267,778 shares during the period. Norges Bank bought a new stake in Sabre during the 4th quarter valued at $5,955,000. Finally, MML Investors Services LLC bought a new stake in Sabre in the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

Shares of Sabre stock opened at $2.03 on Thursday. The company has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.47. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The stock has a market capitalization of $783.72 million, a PE ratio of -2.82, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. As a group, equities research analysts forecast that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on SABR shares. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a research note on Tuesday, April 1st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price objective 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 research report on Friday, February 21st. Finally, Morgan Stanley dropped their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and an average price target of $4.28.

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.