15,000 Shares in Sabre Co. (NASDAQ:SABR) Purchased by Sprott Inc.

Sprott Inc. purchased a new stake in shares of Sabre Co. (NASDAQ:SABR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,000 shares of the information technology services provider’s stock, valued at approximately $55,000.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares in the last quarter. Zacks Investment Management bought a new position in Sabre in the 3rd quarter worth about $41,000. MML Investors Services LLC purchased a new stake in Sabre during the 3rd quarter valued at about $45,000. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Sabre during the 3rd quarter valued at about $46,000. Finally, Paloma Partners Management Co bought a new stake in Sabre during the 3rd quarter valued at about $54,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

SABR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sabre currently has an average rating of “Hold” and an average price target of $3.25.

Sabre Stock Down 3.3 %

Shares of SABR stock opened at $4.16 on Thursday. The company has a 50 day moving average price of $3.56 and a 200-day moving average price of $3.48. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.63. The firm has a market capitalization of $1.61 billion, a PE ratio of -5.78, a P/E/G ratio of 2.43 and a beta of 1.79.

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

Sabre Company 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.