Geode Capital Management LLC Has $33.34 Million Holdings in Sabre Co. (NASDAQ:SABR)

Geode Capital Management LLC grew its position in shares of Sabre Co. (NASDAQ:SABR) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,081,259 shares of the information technology services provider’s stock after acquiring an additional 145,383 shares during the period. Geode Capital Management LLC’s holdings in Sabre were worth $33,335,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares during the last quarter. Zacks Investment Management bought a new position in shares of Sabre during the 3rd quarter valued at $41,000. Wellington Wealth Strategies LLC. acquired a new stake in shares of Sabre in the 2nd quarter valued at $32,000. 626 Financial LLC bought a new stake in Sabre in the third quarter worth $44,000. Finally, MML Investors Services LLC acquired a new position in Sabre during the third quarter worth $45,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

SABR has been the subject of a number of analyst reports. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.50.

Sabre Price Performance

SABR stock opened at $3.74 on Thursday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80. The company has a 50-day moving average of $3.72 and a two-hundred day moving average of $3.30. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.63.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. Sabre’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) EPS. Equities analysts expect that Sabre Co. will post -0.3 EPS 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.