Sabre Co. (NASDAQ:SABR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in Sabre Co. (NASDAQ:SABR - Free Report) by 520.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,996 shares of the information technology services provider's stock after purchasing an additional 114,899 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Sabre were worth $500,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SABR. Arrowstreet Capital Limited Partnership boosted its holdings in Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock valued at $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. U S Global Investors Inc. purchased a new position in Sabre during the fourth quarter worth approximately $20,509,000. Northern Trust Corp raised its holdings in shares of Sabre by 7.8% during the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock worth $16,751,000 after acquiring an additional 333,690 shares during the period. Dimensional Fund Advisors LP raised its stake in Sabre by 38.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock worth $13,198,000 after purchasing an additional 1,007,871 shares during the period. Finally, Invesco Ltd. lifted its holdings in Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock valued at $9,691,000 after acquiring an additional 194,356 shares during the last quarter. Institutional investors own 89.42% of the company's stock.

Analyst Upgrades and Downgrades

SABR has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of 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. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Wall Street Zen upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. 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 research note on Wednesday, April 16th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Sabre presently has a consensus rating of "Hold" and a consensus price target of $4.28.

Sabre Trading Down 1.4%

Shares of SABR traded down $0.04 during mid-day trading on Friday, hitting $2.54. The company's stock had a trading volume of 381,823 shares, compared to its average volume of 5,493,146. The firm has a 50-day simple moving average of $2.50 and a 200 day simple moving average of $3.25. The firm has a market capitalization of $983.09 million, a P/E ratio of -3.52, a P/E/G ratio of 2.43 and a beta of 1.36. Sabre Co. has a 1-year low of $1.93 and a 1-year high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million for the quarter, compared to the consensus estimate of $794.65 million. The business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. As a group, sell-side analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

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.