Point72 Asset Management L.P. Purchases 350,000 Shares of Sabre Co. (NASDAQ:SABR)

Point72 Asset Management L.P. increased its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 350.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,000 shares of the information technology services provider's stock after purchasing an additional 350,000 shares during the period. Point72 Asset Management L.P. owned 0.12% of Sabre worth $1,642,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Sabre by 51.6% during the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after acquiring an additional 267,778 shares in the last quarter. KBC Group NV lifted its holdings in shares of Sabre by 92.3% during the fourth quarter. KBC Group NV now owns 20,280 shares of the information technology services provider's stock valued at $74,000 after purchasing an additional 9,734 shares during the last quarter. Boston Trust Walden Corp acquired a new position in shares of Sabre in the 4th quarter valued at $62,000. Empowered Funds LLC acquired a new position in shares of Sabre in the 4th quarter valued at $297,000. Finally, Principal Financial Group Inc. increased its stake in Sabre by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,873,491 shares of the information technology services provider's stock worth $6,838,000 after purchasing an additional 53,453 shares in the last quarter. Institutional investors own 89.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America upgraded shares of 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 report on Tuesday, March 4th. Wall Street Zen upgraded shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a report on Tuesday, April 1st. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Finally, Morgan Stanley cut their price target on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Sabre has an average rating of "Hold" and a consensus price target of $4.28.

Sabre Stock Performance

Shares of NASDAQ SABR traded down $0.03 during mid-day trading on Friday, reaching $2.55. The company had a trading volume of 5,526,469 shares, compared to its average volume of 4,514,501. The company has a market capitalization of $988.91 million, a price-to-earnings ratio of -3.54, a PEG ratio of 2.43 and a beta of 1.36. The stock has a fifty day moving average of $2.57 and a two-hundred day moving average of $3.28. Sabre Co. has a 12-month low of $1.93 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. During the same period last year, the firm posted ($0.02) EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts forecast that Sabre Co. will post 0.04 earnings per share 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.