CM Management LLC Grows Holdings in Sabre Co. (NASDAQ:SABR)

CM Management LLC lifted its stake in shares of Sabre Co. (NASDAQ:SABR) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 700,000 shares of the information technology services provider’s stock after buying an additional 50,000 shares during the quarter. Sabre makes up about 2.2% of CM Management LLC’s investment portfolio, making the stock its 16th largest holding. CM Management LLC’s holdings in Sabre were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in shares of Sabre in the 3rd quarter worth about $36,185,000. U S Global Investors Inc. acquired a new stake in Sabre during the fourth quarter valued at approximately $20,509,000. JPMorgan Chase & Co. grew its position 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 acquiring an additional 1,208,269 shares in the last quarter. Beaconlight Capital LLC increased its holdings in shares of Sabre by 32.2% in the 3rd quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after acquiring an additional 962,665 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sabre by 65.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock worth $3,639,000 after purchasing an additional 390,621 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Down 2.3 %

Shares of NASDAQ:SABR opened at $3.89 on Friday. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63. The company has a market cap of $1.50 billion, a P/E ratio of -5.40, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. The company’s fifty day moving average is $3.60 and its two-hundred day moving average is $3.54.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. Equities research analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SABR shares. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research 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.