Briaud Financial Planning Inc Makes New $51,000 Investment in Sabre Co. (NASDAQ:SABR)

Briaud Financial Planning Inc bought a new position in shares of Sabre Co. (NASDAQ:SABR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,000 shares of the information technology services provider’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 3,116 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Sabre by 12.9% in the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after buying an additional 5,323 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Sabre by 9.6% in the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock valued at $286,000 after buying an additional 6,852 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Sabre by 92.3% in the fourth quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock valued at $74,000 after buying an additional 9,734 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SABR shares. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Bank of America raised Sabre from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th.

Sabre Trading Down 8.0 %

NASDAQ:SABR opened at $3.58 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of -4.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. The stock has a fifty day moving average price of $3.60 and a 200 day moving average price of $3.55. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. Equities analysts forecast that Sabre Co. will post 0.04 EPS 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.