New York State Teachers Retirement System Increases Position in Sabre Co. (NASDAQ:SABR)

New York State Teachers Retirement System raised its position in Sabre Co. (NASDAQ:SABRGet Rating) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 328,037 shares of the information technology services provider’s stock after buying an additional 8,100 shares during the period. New York State Teachers Retirement System owned about 0.10% of Sabre worth $1,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SABR. Contrarius Investment Management Ltd boosted its holdings in Sabre by 1,201.6% in the 2nd quarter. Contrarius Investment Management Ltd now owns 3,247,731 shares of the information technology services provider’s stock worth $18,934,000 after buying an additional 2,998,214 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Sabre in the 2nd quarter worth about $13,481,000. Massachusetts Financial Services Co. MA boosted its holdings in Sabre by 38.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,775,302 shares of the information technology services provider’s stock worth $39,500,000 after buying an additional 1,872,257 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sabre by 88.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,816,412 shares of the information technology services provider’s stock worth $43,622,000 after buying an additional 1,789,569 shares during the last quarter. Finally, State Street Corp boosted its holdings in Sabre by 18.7% in the 2nd quarter. State Street Corp now owns 10,232,638 shares of the information technology services provider’s stock worth $59,656,000 after buying an additional 1,615,280 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on SABR. Mizuho lowered their price objective on Sabre from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, October 17th. Morgan Stanley lowered their target price on Sabre from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, November 3rd. Bank of America cut Sabre from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $11.00 to $7.00 in a report on Wednesday, January 11th. Redburn Partners initiated coverage on Sabre in a report on Wednesday, September 28th. They set a “buy” rating on the stock. Finally, StockNews.com initiated coverage on Sabre in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Sabre currently has a consensus rating of “Hold” and a consensus price target of $6.67.

Sabre Stock Performance

SABR opened at $6.79 on Thursday. Sabre Co. has a one year low of $4.46 and a one year high of $12.08. The stock has a market capitalization of $2.23 billion, a PE ratio of -4.53 and a beta of 1.73. The business’s 50 day moving average price is $5.98 and its 200 day moving average price is $6.18.

Sabre (NASDAQ:SABRGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The information technology services provider reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.05. The business had revenue of $663.39 million during the quarter, compared to analyst estimates of $695.75 million. As a group, equities research analysts forecast that Sabre Co. will post -1.35 earnings per share for the current fiscal year.

Sabre Company Profile

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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as 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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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