Balyasny Asset Management L.P. Acquires New Holdings in Sabre Co. (NASDAQ:SABR)

Balyasny Asset Management L.P. acquired a new stake in Sabre Co. (NASDAQ:SABR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 288,264 shares of the information technology services provider’s stock, valued at approximately $1,052,000. Balyasny Asset Management L.P. owned about 0.07% of Sabre at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in Sabre by 831.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after buying an additional 5,230,239 shares during the last quarter. U S Global Investors Inc. bought a new position in Sabre in the 4th quarter valued at approximately $20,509,000. Northern Trust Corp raised 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 buying an additional 333,690 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sabre by 38.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock valued at $13,198,000 after buying an additional 1,007,871 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Sabre by 7.9% in the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after buying an additional 194,356 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 2.8%

Shares of SABR stock opened at $2.94 on Wednesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -4.08, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a 52 week low of $1.93 and a 52 week high of $4.63. The firm has a 50 day moving average of $2.70 and a 200-day moving average of $3.32.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data 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 firm had revenue of $776.62 million for the quarter, compared to the consensus estimate of $794.65 million. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. Analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Sabre Company 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.