Two Sigma Advisers LP grew its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,721,500 shares of the information technology services provider's stock after buying an additional 755,600 shares during the quarter. Two Sigma Advisers LP owned about 0.96% of Sabre worth $13,583,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of Sabre by 744.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after buying an additional 8,454 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 buying an additional 6,298 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Sabre during the 4th quarter worth about $45,000. Briaud Financial Planning Inc bought a new stake in shares of Sabre during the 4th quarter worth about $51,000. Finally, Sprott Inc. bought a new stake in shares of Sabre in the 4th quarter worth approximately $55,000. 89.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SABR has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of 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. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Wall Street Zen upgraded shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Morgan Stanley dropped their price objective 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. Finally, Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and upped their price objective for the company from $4.50 to $6.10 in a research note 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 a consensus rating of "Hold" and a consensus price target of $4.28.
View Our Latest Stock Analysis on SABR
Sabre Trading Up 5.3%
Shares of Sabre stock traded up $0.14 during mid-day trading on Tuesday, reaching $2.69. 2,152,249 shares of the stock were exchanged, compared to its average volume of 4,505,815. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -3.73, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The firm has a 50-day simple moving average of $2.55 and a 200 day simple moving average of $3.27. 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 announced 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 company had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. On average, research analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.
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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