International Assets Investment Management LLC Boosts Stake in Sabre Co. (NASDAQ:SABR)

International Assets Investment Management LLC boosted its holdings in Sabre Co. (NASDAQ:SABR) by 267.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,047 shares of the information technology services provider’s stock after acquiring an additional 6,582 shares during the quarter. International Assets Investment Management LLC’s holdings in Sabre were worth $33,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SABR. BNP Paribas Financial Markets lifted its stake in shares of Sabre by 20.5% in the first quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock valued at $403,000 after purchasing an additional 28,369 shares during the period. Swiss National Bank lifted its position in shares of Sabre by 20.8% during the 1st quarter. Swiss National Bank now owns 711,900 shares of the information technology services provider’s stock valued at $1,723,000 after acquiring an additional 122,400 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sabre during the 1st quarter worth approximately $342,000. ProShare Advisors LLC grew its holdings in shares of Sabre by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after acquiring an additional 4,580 shares during the period. Finally, Everence Capital Management Inc. increased its stake in Sabre by 116.2% in the 1st quarter. Everence Capital Management Inc. now owns 118,890 shares of the information technology services provider’s stock valued at $288,000 after purchasing an additional 63,900 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Tuesday.

Sabre Price Performance

Shares of NASDAQ SABR opened at $3.60 on Friday. The firm’s 50-day moving average is $3.39 and its two-hundred day moving average is $3.11. The company has a market capitalization of $1.39 billion, a PE ratio of -4.56 and a beta of 1.74. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.68.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. Sabre’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) EPS. On average, analysts forecast that Sabre Co. will post -0.29 EPS for the current fiscal 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.