Balyasny Asset Management L.P. acquired a new position in shares of Sabre Co. (NASDAQ:SABR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 288,264 shares of the information technology services provider's stock, valued at approximately $1,052,000. Balyasny Asset Management L.P. owned approximately 0.07% of Sabre as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. raised its stake in shares of Sabre by 8.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock worth $146,000 after purchasing an additional 3,142 shares in the last quarter. Hsbc Holdings PLC raised its stake 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 in the last quarter. Xponance Inc. raised its stake 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 6,298 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Sabre by 9.6% during the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock worth $286,000 after purchasing an additional 6,852 shares in the last quarter. Institutional investors own 89.42% of the company's stock.
Sabre Stock Down 3.1%
Shares of SABR stock traded down $0.09 during trading on Monday, reaching $2.86. 3,973,917 shares of the company's stock were exchanged, compared to its average volume of 4,452,928. The firm's fifty day moving average price is $2.63 and its 200-day moving average price is $3.30. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63. The stock has a market capitalization of $1.11 billion, a PE ratio of -3.97, a PEG ratio of 2.43 and a beta of 1.36.
Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. During the same quarter last year, the company posted ($0.02) earnings per share. Sabre's quarterly revenue was down .8% on a year-over-year basis. As a group, analysts anticipate that Sabre Co. will post 0.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on SABR shares. Morgan Stanley dropped their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cantor Fitzgerald reissued a "neutral" rating and set a $4.00 target price on shares of Sabre in a report on Friday, February 21st. 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 report on Tuesday, April 1st. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Bank of America raised Sabre from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.28.
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About Sabre
(
Free Report)
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.
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