Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Sabre Co. (NASDAQ:SABR)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Sabre Co. (NASDAQ:SABR) by 65.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 991,631 shares of the information technology services provider’s stock after purchasing an additional 390,621 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sabre were worth $3,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC purchased a new stake in Sabre during the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management purchased a new stake in shares of Sabre during the second quarter worth approximately $29,000. Wellington Wealth Strategies LLC. acquired a new position in Sabre in the 2nd quarter valued at $32,000. International Assets Investment Management LLC lifted its holdings in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 6,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Sabre during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SABR. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.50.

Sabre Stock Up 1.6 %

NASDAQ SABR opened at $3.73 on Friday. The business’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.17. The firm has a market cap of $1.44 billion, a PE ratio of -4.72 and a beta of 1.74. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. Research analysts expect that Sabre Co. will post -0.3 EPS for the current year.

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.