Two Sigma Investments LP Acquires 922,693 Shares of Sabre Co. (NASDAQ:SABR)

Two Sigma Investments LP raised its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,532,153 shares of the information technology services provider's stock after purchasing an additional 922,693 shares during the quarter. Two Sigma Investments LP owned about 0.92% of Sabre worth $12,892,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Sabre in the 4th quarter worth about $123,000. Barclays PLC grew 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 valued at $2,885,000 after buying an additional 267,778 shares during the period. Invesco Ltd. grew its holdings in shares of Sabre by 7.9% during the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock worth $9,691,000 after purchasing an additional 194,356 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Sabre by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock worth $6,109,000 after acquiring an additional 30,236 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Sabre by 7.8% in the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock valued at $16,751,000 after purchasing an additional 333,690 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Price Performance

Shares of NASDAQ:SABR traded up $0.09 on Tuesday, reaching $2.64. 5,810,889 shares of the company traded hands, compared to its average volume of 4,519,687. The stock has a market capitalization of $1.02 billion, a PE ratio of -3.67, a P/E/G ratio of 2.43 and a beta of 1.36. The company's 50 day moving average is $2.55 and its 200-day moving average is $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 released its quarterly 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 firm had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. Sabre's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised 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 reissued a "neutral" rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and increased their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Morgan Stanley lowered 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.28.

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.