Sprott Inc. Buys Shares of 15,000 Sabre Co. (NASDAQ:SABR)

Sprott Inc. purchased a new position in shares of Sabre Co. (NASDAQ:SABR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the information technology services provider’s stock, valued at approximately $55,000.

A number of other hedge funds have also recently modified their holdings of SABR. International Assets Investment Management LLC raised its holdings in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares during the period. Zacks Investment Management bought a new position in shares of Sabre in the third quarter worth about $41,000. MML Investors Services LLC bought a new position in shares of Sabre in the third quarter worth about $45,000. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Sabre during the 3rd quarter valued at approximately $46,000. Finally, Paloma Partners Management Co bought a new position in shares of Sabre during the 3rd quarter valued at approximately $54,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre Price Performance

Sabre stock opened at $4.16 on Thursday. The firm has a market capitalization of $1.61 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.63. The company’s 50-day moving average is $3.56 and its 200 day moving average is $3.48.

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

About Sabre

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.