Sabre Co. (NASDAQ:SABR) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC lifted its stake in Sabre Co. (NASDAQ:SABR - Free Report) by 437.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,955 shares of the information technology services provider's stock after purchasing an additional 103,355 shares during the quarter. Aquatic Capital Management LLC's holdings in Sabre were worth $463,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its stake in Sabre by 8.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock worth $146,000 after acquiring an additional 3,142 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Sabre by 5.9% during the 4th quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock worth $209,000 after purchasing an additional 3,195 shares during the last quarter. Xponance Inc. increased its position in shares of Sabre by 22.1% during the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Sabre by 173.2% in the 4th 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. Finally, Jones Financial Companies Lllp boosted its stake in Sabre by 9.6% during the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock worth $286,000 after buying an additional 6,852 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Stock Down 3.2 %

SABR stock traded down $0.08 during midday trading on Tuesday, hitting $2.45. The company's stock had a trading volume of 7,521,684 shares, compared to its average volume of 4,402,749. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The firm has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.36. The firm has a market capitalization of $945.87 million, a P/E ratio of -3.40, a PEG ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. On average, sell-side analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SABR. Morgan Stanley reduced their price target on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.28.

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.