Mizuho Markets Americas LLC Invests $2.72 Million in Sabre Corporation $SABR

Mizuho Markets Americas LLC purchased a new position in Sabre Corporation (NASDAQ:SABR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,000,000 shares of the information technology services provider’s stock, valued at approximately $2,720,000. Mizuho Markets Americas LLC owned approximately 0.51% of Sabre at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in Sabre in the 4th quarter worth approximately $27,000. GSA Capital Partners LLP purchased a new stake in shares of Sabre during the third quarter valued at $32,000. Diligent Investors LLC bought a new stake in Sabre in the 3rd quarter worth about $35,000. Caprock Group LLC bought a new stake in Sabre in the 3rd quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Sabre by 970.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 22,361 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SABR shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $2.00 price target on shares of Sabre in a research note on Thursday, February 19th. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Sanford C. Bernstein restated a “market perform” rating and set a $1.50 target price on shares of Sabre in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sabre presently has a consensus rating of “Reduce” and a consensus target price of $1.97.

Sabre Stock Performance

NASDAQ:SABR opened at $1.53 on Friday. The stock has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.51. The firm has a market capitalization of $604.82 million, a PE ratio of 1.40 and a beta of 1.01. Sabre Corporation has a 52-week low of $0.81 and a 52-week high of $3.52.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. Equities analysts forecast that Sabre Corporation will post -0.15 earnings per share for the current fiscal year.

About Sabre

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.