Connor Clark & Lunn Investment Management Ltd. Has $7.50 Million Position in Sabre Co. (NASDAQ:SABR)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sabre Co. (NASDAQ:SABR) by 107.1% during the fourth quarter, Holdings Channel reports. The firm owned 2,053,822 shares of the information technology services provider’s stock after acquiring an additional 1,062,191 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sabre were worth $7,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares during the period. Zacks Investment Management acquired a new position in shares of Sabre during the 3rd quarter valued at $41,000. MML Investors Services LLC bought a new position in Sabre during the third quarter worth $45,000. Briaud Financial Planning Inc acquired a new stake in Sabre in the fourth quarter worth $51,000. Finally, Paloma Partners Management Co bought a new stake in Sabre in the third quarter valued at $54,000. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

SABR stock opened at $3.33 on Friday. The company has a market capitalization of $1.29 billion, a P/E ratio of -4.63, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. Sabre Co. has a 52-week low of $1.87 and a 52-week high of $4.63. The business has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.55.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on SABR. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Finally, Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and boosted their price target for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th.

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.