Mizuho Markets Americas LLC bought a new stake in shares of Sabre Corporation (NASDAQ:SABR – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,000,000 shares of the information technology services provider’s stock, valued at approximately $2,720,000.
Several other hedge funds also recently bought and sold shares of SABR. Cerity Partners LLC increased its stake in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after buying an additional 5,617 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after acquiring an additional 8,262 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sabre by 17.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 9,187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after acquiring an additional 9,923 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Sabre by 12.9% during the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock worth $258,000 after purchasing an additional 10,530 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.
Sabre Trading Down 1.9%
Shares of SABR stock opened at $1.53 on Friday. The stock has a market capitalization of $604.82 million, a price-to-earnings ratio of 1.40 and a beta of 1.01. Sabre Corporation has a 12-month low of $0.81 and a 12-month high of $3.52. The stock’s 50-day moving average price is $1.64 and its 200-day moving average price is $1.51.
Analysts Set New Price Targets
Several analysts recently issued reports on SABR shares. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 price target on shares of Sabre in a research note on Thursday, February 19th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $1.50 target price on shares of Sabre in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $1.97.
View Our Latest Analysis on SABR
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.
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