Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 1,647,220 Sabre Corporation $SABR

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,647,220 shares of the information technology services provider’s stock, valued at approximately $3,443,000.

Several other large investors have also recently modified their holdings of SABR. Cerity Partners LLC boosted its holdings in Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after acquiring an additional 5,617 shares during the period. Captrust Financial Advisors increased its stake in Sabre by 17.8% in the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 8,262 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after purchasing an additional 9,923 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Sabre by 12.9% during the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after purchasing an additional 10,530 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Sabre by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock valued at $1,574,000 after purchasing an additional 10,742 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

SABR has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research note on Thursday. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1.75.

Sabre Stock Performance

NASDAQ SABR opened at $2.20 on Friday. The stock has a market cap of $887.88 million, a P/E ratio of 1.33 and a beta of 0.97. Sabre Corporation has a fifty-two week low of $0.81 and a fifty-two week high of $2.30. The stock has a 50 day simple moving average of $1.98 and a two-hundred day simple moving average of $1.71.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analysts’ expectations of $697.40 million. Sell-side analysts predict that Sabre Corporation will post -0.16 earnings per share for the current year.

Sabre Company 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.