Dimensional Fund Advisors LP Increases Stock Position in Sabre Co. (NASDAQ:SABR)

Dimensional Fund Advisors LP lifted its position in shares of Sabre Co. (NASDAQ:SABR) by 38.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,615,942 shares of the information technology services provider’s stock after acquiring an additional 1,007,871 shares during the period. Dimensional Fund Advisors LP’s holdings in Sabre were worth $13,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SABR. U S Global Investors Inc. purchased a new stake in Sabre in the 4th quarter valued at about $20,509,000. Arrowstreet Capital Limited Partnership grew its stake in Sabre by 831.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after purchasing an additional 5,230,239 shares during the period. Norges Bank purchased a new stake in shares of Sabre during the 4th quarter valued at $5,955,000. Cooper Creek Partners Management LLC raised its stake in shares of Sabre by 139.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock worth $9,629,000 after purchasing an additional 1,537,625 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sabre by 375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after buying an additional 1,208,269 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SABR. Morgan Stanley lowered 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 report on Wednesday, April 16th. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.28.

Sabre Stock Up 1.6 %

Shares of NASDAQ SABR opened at $2.57 on Friday. The company has a market cap of $992.20 million, a P/E ratio of -3.57, a P/E/G ratio of 2.43 and a beta of 1.36. Sabre Co. has a 52 week low of $1.93 and a 52 week high of $4.63. The business has a 50-day simple moving average of $2.72 and a two-hundred day simple moving average of $3.34.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $776.62 million for the quarter, compared to analysts’ expectations of $794.65 million. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Sabre Co. will post 0.04 EPS for the current year.

Sabre Company Profile

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.