1 week Ago By Defense World Staff
Norges Bank acquired a new stake in shares of Sabre Co. (NASDAQ:SABR – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,631,626 shares of the information technology services provider’s stock, valued at approximately $5,955,000.
Norges Bank owned 0.42% of Sabre at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the stock.
JPMorgan Chase & Co. increased its stake in Sabre by 375.5% in 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 period. Virtu Financial LLC bought a new stake in Sabre during the 4th quarter valued at $123,000.
Geode Capital Management LLC lifted its stake in Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after acquiring an additional 145,383 shares during the period.
Barclays PLC boosted its position in Sabre by 51.6% during the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after acquiring an additional 267,778 shares in the last quarter.
Finally, MML Investors Services LLC bought a new position in shares of Sabre during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Sabre Stock Up 27.7 %Shares of Sabre stock opened at $2.49 on Thursday.
The business’s fifty day simple moving average is $3.38 and its 200-day simple moving average is $3.52.
Sabre Co. has a 52 week low of $1.93 and a 52 week high of $4.
63. The firm has a market cap of $961.31 million, a PE ratio of -3.
46, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.
Sabre (NASDAQ:SABR – Get Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $716.60 million. As a group, equities analysts expect that Sabre Co.
will post 0.04 earnings per share for the current year. Analyst Ratings ChangesSABR has been the subject of several recent analyst reports.
Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target for the company in a report on Tuesday, April 1st.
StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald reissued 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 upgraded shares of 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.Check Out Our Latest Analysis on SABRSabre Profile (Free Report)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.Featured ArticlesFive stocks we like better than SabreBasic Materials Stocks InvestingQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreTechnology Stocks Explained: Here’s What to Know About TechAre Tariffs Threatening Disney’s Comeback Story?How to Profit From Growth Investing Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.
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