Ampfield Management L.P. Takes Position in Sabre Corporation $SABR

Ampfield Management L.P. acquired a new stake in shares of Sabre Corporation (NASDAQ:SABR) during the first quarter, Holdings Channel reports. The firm acquired 5,175,945 shares of the information technology services provider’s stock, valued at approximately $7,505,000. Sabre comprises 9.3% of Ampfield Management L.P.’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SABR. Discerene Group LP lifted its position in Sabre by 34.9% in the fourth quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock worth $52,392,000 after purchasing an additional 9,958,212 shares during the period. Par Capital Management Inc. boosted its stake in Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after buying an additional 7,082,948 shares in the last quarter. State Street Corp grew its holdings in Sabre by 2.4% during the fourth quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock worth $20,147,000 after acquiring an additional 343,209 shares during the period. U S Global Investors Inc. grew its holdings in Sabre by 17.0% during the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock worth $13,836,000 after acquiring an additional 1,477,143 shares during the period. Finally, Geode Capital Management LLC raised its position in Sabre by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock worth $12,614,000 after acquiring an additional 197,433 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 6.4%

Shares of NASDAQ SABR opened at $1.99 on Friday. The stock’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.52. The stock has a market capitalization of $786.67 million, a price-to-earnings ratio of 1.83 and a beta of 0.99. Sabre Corporation has a 52-week low of $0.81 and a 52-week high of $3.52.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. As a group, analysts anticipate that Sabre Corporation will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $1.50 price target on shares of Sabre in a report on Tuesday, March 3rd. Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1.97.

About Sabre

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.