Sabre Co. (NASDAQ:SABR) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in Sabre Co. (NASDAQ:SABR) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 991,631 shares of the information technology services provider’s stock after purchasing an additional 390,621 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.26% of Sabre worth $3,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SABR. ProShare Advisors LLC lifted its stake in shares of Sabre by 7.2% during the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares during the period. Vanguard Group Inc. grew its stake in Sabre by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after purchasing an additional 678,588 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Sabre by 6.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 309,142 shares of the information technology services provider’s stock valued at $745,000 after purchasing an additional 19,279 shares during the period. Shell Asset Management Co. raised its stake in shares of Sabre by 393.7% in the first quarter. Shell Asset Management Co. now owns 42,780 shares of the information technology services provider’s stock worth $104,000 after purchasing an additional 34,115 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in shares of Sabre by 301.4% during the first quarter. EntryPoint Capital LLC now owns 29,129 shares of the information technology services provider’s stock worth $70,000 after purchasing an additional 21,872 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

SABR has been the topic of several research reports. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus price target of $3.50.

Sabre Trading Up 1.6 %

Shares of SABR stock opened at $3.73 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of -4.72 and a beta of 1.74. The stock has a 50 day moving average of $3.54 and a 200 day moving average of $3.17. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS. On average, research analysts predict that Sabre Co. will post -0.3 earnings per share for the current fiscal 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.