Cibc World Markets Corp Purchases New Position in Sabre Co. (NASDAQ:SABR)

Cibc World Markets Corp purchased a new stake in Sabre Co. (NASDAQ:SABR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 35,779 shares of the information technology services provider’s stock, valued at approximately $131,000.

Several other large investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new position in shares of Sabre in the 3rd quarter worth approximately $36,185,000. U S Global Investors Inc. acquired a new position in Sabre in the fourth quarter worth $20,509,000. JPMorgan Chase & Co. grew its holdings 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 worth $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Sabre by 107.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider’s stock valued at $7,496,000 after buying an additional 1,062,191 shares in the last quarter. Finally, Barclays PLC raised its holdings 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 valued at $2,885,000 after buying an additional 267,778 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Sabre Trading Down 1.5 %

Shares of NASDAQ:SABR opened at $3.27 on Friday. Sabre Co. has a 1-year low of $2.29 and a 1-year high of $4.63. The stock has a market capitalization of $1.26 billion, a P/E ratio of -4.54, a P/E/G ratio of 2.43 and a beta of 1.62. The business has a 50-day moving average price of $3.59 and a two-hundred day moving average price of $3.58.

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

Analyst Ratings Changes

A number of brokerages have commented on SABR. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Sabre 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.