Schonfeld Strategic Advisors LLC Boosts Stake in Sabre Co. (NASDAQ:SABR)

Schonfeld Strategic Advisors LLC grew its stake in Sabre Co. (NASDAQ:SABR) by 995.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,488 shares of the information technology services provider’s stock after acquiring an additional 163,098 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Sabre were worth $655,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Sabre in the 4th quarter worth approximately $123,000. Barclays PLC lifted its position in Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after acquiring an additional 267,778 shares during the last quarter. Invesco Ltd. boosted its stake in Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after acquiring an additional 194,356 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in 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 purchasing an additional 30,236 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Sabre Trading Up 1.6 %

SABR opened at $2.57 on Friday. The firm has a 50 day moving average of $2.72 and a two-hundred day moving average of $3.34. The firm has a market capitalization of $992.20 million, a PE ratio of -3.57, a P/E/G ratio of 2.43 and a beta of 1.36. Sabre Co. has a 12-month low of $1.93 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last posted 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 the consensus estimate of $794.65 million. Sabre’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) EPS. As a group, analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Morgan Stanley dropped their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their price target for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.28.

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.