288,264 Shares in Sabre Co. (NASDAQ:SABR) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SABR. Barclays PLC boosted its position in shares of Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after buying an additional 267,778 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sabre by 375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after buying an additional 1,208,269 shares in the last quarter. KBC Group NV increased its holdings in Sabre by 92.3% in the 4th quarter. KBC Group NV now owns 20,280 shares of the information technology services provider's stock worth $74,000 after buying an additional 9,734 shares in the last quarter. Boston Trust Walden Corp bought a new stake in Sabre in the 4th quarter worth about $62,000. Finally, Empowered Funds LLC bought a new stake in Sabre in the 4th quarter worth about $297,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Performance

NASDAQ:SABR remained flat at $2.95 on Friday. The company's stock had a trading volume of 3,926,100 shares, compared to its average volume of 4,444,850. The stock has a market cap of $1.14 billion, a PE ratio of -4.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The business has a 50-day moving average price of $2.64 and a 200-day moving average price of $3.30. Sabre Co. has a fifty-two week low of $1.93 and a fifty-two week high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The firm had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The firm's quarterly revenue was down .8% on a year-over-year basis. Equities analysts forecast that Sabre Co. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SABR shares. Morgan Stanley reduced their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a report on Tuesday, April 1st. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.50 to $6.10 in a research 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently 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.