U S Global Investors Inc. Grows Stake in Sabre Corporation $SABR

U S Global Investors Inc. lifted its stake in shares of Sabre Corporation (NASDAQ:SABR) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,173,592 shares of the information technology services provider’s stock after purchasing an additional 1,477,143 shares during the period. Sabre comprises 1.5% of U S Global Investors Inc.’s investment portfolio, making the stock its 20th biggest position. U S Global Investors Inc. owned about 2.58% of Sabre worth $13,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cerity Partners LLC increased its stake in shares of Sabre by 22.6% during the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after purchasing an additional 5,617 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 8,262 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sabre by 17.6% during 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 purchasing an additional 9,187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sabre by 4.6% during 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 purchasing an additional 9,923 shares in the last quarter. Finally, Empowered Funds LLC increased its stake 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. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

NASDAQ:SABR opened at $1.75 on Friday. The firm has a market capitalization of $691.55 million, a price-to-earnings ratio of 1.51 and a beta of 0.85. The company’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.53. Sabre Corporation has a 1-year low of $0.81 and a 1-year high of $3.52.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. As a group, equities analysts anticipate that Sabre Corporation will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SABR. Cantor Fitzgerald restated a “neutral” rating and set a $2.00 price target on shares of Sabre in a research report 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. Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Sabre currently has an average rating of “Reduce” and an average target price of $1.97.

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.