Sabre Corporation $SABR is Discerene Group LP’s 7th Largest Position

Discerene Group LP raised its holdings in shares of Sabre Corporation (NASDAQ:SABR) by 34.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,565,608 shares of the information technology services provider’s stock after buying an additional 7,323,272 shares during the quarter. Sabre comprises approximately 4.5% of Discerene Group LP’s holdings, making the stock its 7th largest holding. Discerene Group LP owned about 0.07% of Sabre worth $52,275,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Par Capital Management Inc. increased its stake in shares of Sabre by 57.7% in the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after acquiring an additional 7,082,948 shares during the period. U S Global Investors Inc. lifted its position in Sabre by 54.0% during the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock valued at $15,915,000 after purchasing an additional 3,049,688 shares during the period. Simcoe Capital Management LLC acquired a new position in Sabre during the second quarter valued at $7,649,000. Third Point LLC purchased a new stake in Sabre in the second quarter valued at $2,370,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sabre by 19.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,877,107 shares of the information technology services provider’s stock valued at $12,252,000 after purchasing an additional 636,569 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SABR. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday. Finally, Wall Street Zen downgraded Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Sabre has a consensus rating of “Reduce” and an average price target of $2.35.

Sabre Stock Down 1.9%

Shares of Sabre stock opened at $1.59 on Friday. Sabre Corporation has a twelve month low of $0.81 and a twelve month high of $4.01. The business has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.58. The firm has a market cap of $628.32 million, a PE ratio of 1.37 and a beta of 1.02.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. On average, sell-side analysts expect that Sabre Corporation will post 0.04 EPS for the current year.

Sabre Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.