U S Global Investors Inc. Invests $20.51 Million in Sabre Co. (NASDAQ:SABR)

U S Global Investors Inc. purchased a new position in shares of Sabre Co. (NASDAQ:SABR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,618,937 shares of the information technology services provider’s stock, valued at approximately $20,509,000. Sabre comprises approximately 2.0% of U S Global Investors Inc.’s portfolio, making the stock its 16th largest position. U S Global Investors Inc. owned about 1.46% of Sabre at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Erste Asset Management GmbH bought a new stake in shares of Sabre during the third quarter valued at approximately $36,185,000. JPMorgan Chase & Co. lifted its stake in shares of Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after acquiring an additional 1,208,269 shares during the period. Beaconlight Capital LLC boosted its holdings in Sabre by 32.2% in the third quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after acquiring an additional 962,665 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Sabre by 65.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock worth $3,639,000 after purchasing an additional 390,621 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after buying an additional 267,778 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Performance

Shares of SABR opened at $4.13 on Friday. The firm’s 50 day moving average price is $3.56 and its two-hundred day moving average price is $3.48. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.63. The firm has a market cap of $1.59 billion, a P/E ratio of -5.74, a PEG ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. On average, sell-side analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Sabre in a research note 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’s stock. According to MarketBeat.com, Sabre has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre 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.