Two Sigma Investments LP Increases Holdings in Sabre Co. (NASDAQ:SABR)

Two Sigma Investments LP increased its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 35.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,532,153 shares of the information technology services provider's stock after purchasing an additional 922,693 shares during the period. Two Sigma Investments LP owned 0.92% of Sabre worth $12,892,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SABR. 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 purchasing an additional 8,454 shares during 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 purchasing an additional 6,298 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Sabre in the 4th quarter worth approximately $45,000. Briaud Financial Planning Inc purchased a new stake in Sabre in the 4th quarter worth approximately $51,000. Finally, Sprott Inc. purchased a new stake in Sabre in the 4th quarter worth approximately $55,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Morgan Stanley lowered their target price on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $4.28.

Sabre Stock Down 1.3%

Shares of NASDAQ SABR traded down $0.04 during trading on Thursday, hitting $2.60. 1,389,816 shares of the company traded hands, compared to its average volume of 4,512,155. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63. The company has a 50-day moving average price of $2.52 and a 200-day moving average price of $3.26. The firm has a market capitalization of $1.01 billion, a P/E ratio of -3.59, a P/E/G ratio of 2.43 and a beta of 1.36.

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

About Sabre

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.