Prescott Group Capital Management L.L.C. Buys 2,613,913 Shares of Sabre Corporation $SABR

Prescott Group Capital Management L.L.C. increased its stake in Sabre Corporation (NASDAQ:SABR) by 766.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,954,897 shares of the information technology services provider’s stock after purchasing an additional 2,613,913 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.75% of Sabre worth $4,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SABR. Royal Bank of Canada grew its position in Sabre by 46.9% during the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock valued at $491,000 after acquiring an additional 55,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 valued at $639,000 after acquiring an additional 9,923 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sabre during the first quarter valued at approximately $140,000. Jones Financial Companies Lllp grew its position in Sabre by 265.7% during the first quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after acquiring an additional 208,371 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Sabre during the first quarter valued at approximately $80,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Performance

Shares of Sabre stock opened at $1.58 on Thursday. Sabre Corporation has a 52-week low of $0.81 and a 52-week high of $3.52. The stock has a market capitalization of $624.59 million, a price-to-earnings ratio of 1.45 and a beta of 1.01. The company’s 50 day moving average price is $1.65 and its 200-day moving average price is $1.51.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The firm had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. As a group, equities research analysts forecast that Sabre Corporation will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SABR has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday, March 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 price target on shares of Sabre in a research report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $1.97.

Sabre Company 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.