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

Two Sigma Investments LP grew its holdings in shares of Sabre Co. (NASDAQ:SABR) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,532,153 shares of the information technology services provider’s stock after acquiring an additional 922,693 shares during the quarter. Two Sigma Investments LP owned about 0.92% of Sabre worth $12,892,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC raised its position 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 in the last quarter. KBC Group NV raised its position in shares of Sabre by 92.3% during the 4th quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock valued at $74,000 after buying an additional 9,734 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Sabre during the 4th quarter valued at $62,000. Empowered Funds LLC bought a new position in shares of Sabre during the 4th quarter valued at about $297,000. Finally, Principal Financial Group Inc. increased its position in shares of Sabre by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,873,491 shares of the information technology services provider’s stock valued at $6,838,000 after purchasing an additional 53,453 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 1.2%

NASDAQ SABR opened at $2.55 on Friday. Sabre Co. has a 1-year low of $1.93 and a 1-year high of $4.63. The stock has a 50-day moving average of $2.57 and a 200-day moving average of $3.28. The firm has a market cap of $988.91 million, a PE ratio of -3.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate 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. During the same quarter last year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SABR. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and increased their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Morgan Stanley cut their price objective 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. Wall Street Zen raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.