Allianz Asset Management GmbH Grows Position in Sabre Co. (NASDAQ:SABR)

Allianz Asset Management GmbH lifted its holdings in shares of Sabre Co. (NASDAQ:SABRFree Report) by 47.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,849 shares of the information technology services provider’s stock after buying an additional 252,546 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.21% of Sabre worth $3,431,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SABR. Victory Capital Management Inc. raised its stake in shares of Sabre by 25.9% during the 3rd quarter. Victory Capital Management Inc. now owns 65,874 shares of the information technology services provider’s stock worth $296,000 after buying an additional 13,566 shares during the period. Jump Financial LLC acquired a new position in Sabre in the 3rd quarter valued at $67,000. Barclays PLC raised its stake in Sabre by 5.0% in the 3rd quarter. Barclays PLC now owns 296,488 shares of the information technology services provider’s stock valued at $1,331,000 after purchasing an additional 14,178 shares during the last quarter. Swiss National Bank raised its stake in Sabre by 2.0% in the 3rd quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock valued at $2,949,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Sabre in the 3rd quarter valued at $100,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sabre

In related news, CEO Kurt Joseph Ekert acquired 65,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $2.57 per share, for a total transaction of $167,050.00. Following the purchase, the chief executive officer now owns 1,155,909 shares of the company’s stock, valued at approximately $2,970,686.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Sabre news, CEO Kurt Joseph Ekert bought 65,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $2.57 per share, with a total value of $167,050.00. Following the transaction, the chief executive officer now owns 1,155,909 shares of the company’s stock, valued at $2,970,686.13. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael O. Randolfi purchased 50,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the transaction, the chief financial officer now owns 587,665 shares of the company’s stock, valued at $1,751,241.70. The disclosure for this purchase can be found here. Insiders bought 135,000 shares of company stock worth $368,650 in the last three months. 1.32% of the stock is owned by company insiders.

Analyst Ratings Changes

SABR has been the subject of several recent research reports. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Cantor Fitzgerald assumed coverage on Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 target price for the company. Bank of America cut their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Mizuho cut their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.13.

Check Out Our Latest Research Report on Sabre

Sabre Stock Performance

Shares of Sabre stock opened at $2.98 on Friday. The business has a 50-day moving average of $2.82 and a 200 day moving average of $3.32. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $5.76.

Sabre (NASDAQ:SABRGet Free Report) last announced its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $782.89 million for the quarter, compared to analysts’ expectations of $751.02 million. Research analysts predict that Sabre Co. will post -0.28 EPS for the current year.

Sabre Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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