Discerene Group LP Raises Stock Position in Sabre Corporation $SABR

Discerene Group LP raised its position in Sabre Corporation (NASDAQ:SABR) by 1.5% during the first quarter, HoldingsChannel.com reports. The firm owned 39,093,531 shares of the information technology services provider’s stock after purchasing an additional 569,711 shares during the period. Sabre makes up 6.0% of Discerene Group LP’s portfolio, making the stock its 6th biggest position. Discerene Group LP owned approximately 0.10% of Sabre worth $56,686,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. U S Global Investors Inc. grew its stake in shares of Sabre by 17.0% during the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after buying an additional 1,477,143 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Sabre during the 4th quarter worth approximately $1,326,000. Mizuho Markets Americas LLC purchased a new position in Sabre during the 4th quarter valued at $2,720,000. Graham Capital Management L.P. purchased a new position in Sabre during the 4th quarter valued at $6,054,000. Finally, Ampfield Management L.P. bought a new position in Sabre in the 1st quarter valued at $7,505,000. Institutional investors own 89.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $1.97.

Sabre Price Performance

Shares of SABR stock opened at $1.66 on Friday. The company has a market capitalization of $656.22 million, a P/E ratio of 1.52 and a beta of 0.96. The company’s 50-day simple moving average is $1.80 and its two-hundred day simple moving average is $1.58. Sabre Corporation has a one year low of $0.81 and a one year high of $3.19.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. On average, research analysts expect that Sabre Corporation will post -0.13 EPS for the current fiscal year.

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.