JPMorgan Chase & Co. raised its holdings in shares of Sabre Co. (NASDAQ:SABR – Get Rating) by 438.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,295,331 shares of the information technology services provider’s stock after acquiring an additional 3,496,916 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sabre were worth $26,544,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Twinbeech Capital LP acquired a new position in Sabre during the third quarter worth about $957,000. Verition Fund Management LLC lifted its stake in shares of Sabre by 77.0% during the 3rd quarter. Verition Fund Management LLC now owns 293,870 shares of the information technology services provider’s stock valued at $1,513,000 after buying an additional 127,878 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Sabre by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,219,000 shares of the information technology services provider’s stock worth $16,578,000 after purchasing an additional 10,790 shares in the last quarter. Quantamental Technologies LLC raised its position in shares of Sabre by 140.8% during the 3rd quarter. Quantamental Technologies LLC now owns 48,910 shares of the information technology services provider’s stock valued at $252,000 after buying an additional 28,598 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Sabre during the 3rd quarter valued at $53,000.
Sabre Stock Down 0.6 %
Shares of NASDAQ:SABR opened at $3.33 on Monday. Sabre Co. has a fifty-two week low of $3.00 and a fifty-two week high of $8.31. The business has a 50-day moving average of $3.70 and a two-hundred day moving average of $5.06.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Bank of America decreased their price target on shares of Sabre from $6.00 to $5.00 and set an “underperform” rating for the company in a research report on Tuesday, April 4th. StockNews.com began coverage on Sabre in a report on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho cut their price target on shares of Sabre from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Sanford C. Bernstein upgraded shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective on the stock in a research note on Monday, May 15th. Finally, Morgan Stanley cut their price objective on Sabre from $7.00 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Sabre has a consensus rating of “Hold” and a consensus price target of $4.75.
About Sabre
Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.
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