Pictet Asset Management Holding SA Buys 19,737 Shares of Sabre Co. (NASDAQ:SABR)

Pictet Asset Management Holding SA grew its stake in Sabre Co. (NASDAQ:SABR) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,124 shares of the information technology services provider’s stock after purchasing an additional 19,737 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sabre were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. U S Global Investors Inc. bought a new position in Sabre in the fourth quarter worth about $20,509,000. Norges Bank bought a new position in shares of Sabre in the 4th quarter worth approximately $5,955,000. JPMorgan Chase & Co. lifted its stake 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 valued at $5,615,000 after purchasing an additional 1,208,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sabre by 107.1% during 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 purchasing an additional 1,062,191 shares in the last quarter. Finally, Barclays PLC grew its stake in 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 purchasing an additional 267,778 shares during the period. Institutional investors own 89.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Finally, Bank of America raised Sabre from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th.

Sabre Price Performance

SABR opened at $2.27 on Friday. The firm has a market cap of $876.38 million, a PE ratio of -3.15, a P/E/G ratio of 2.43 and a beta of 1.39. The stock has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.51. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. As a group, sell-side 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.