Susquehanna Fundamental Investments LLC acquired a new stake in Sabre Co. (NASDAQ:SABR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 593,088 shares of the information technology services provider's stock, valued at approximately $2,165,000. Susquehanna Fundamental Investments LLC owned approximately 0.15% of Sabre as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 8,454 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 6,298 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of Sabre in the 4th quarter valued at approximately $51,000. Sprott Inc. acquired a new position in shares of Sabre in the 4th quarter worth approximately $55,000. Finally, Boston Trust Walden Corp bought a new position in shares of Sabre during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 89.42% of the company's stock.
Sabre Stock Up 1.7 %
SABR stock traded up $0.04 during midday trading on Friday, reaching $2.44. The stock had a trading volume of 6,112,071 shares, compared to its average volume of 4,375,887. The firm has a market cap of $942.01 million, a price-to-earnings ratio of -3.39, a PEG ratio of 2.43 and a beta of 1.36. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63. The business has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $3.37.
Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. On average, equities analysts predict that Sabre Co. will post 0.04 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on SABR shares. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and boosted their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Morgan Stanley decreased 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, StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Three investment 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 company presently has an average rating of "Hold" and an average target price of $4.28.
Read Our Latest Research Report on Sabre
Sabre Profile
(
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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