Sabre Co. (NASDAQ:SABR) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its position in shares of Sabre Co. (NASDAQ:SABR – Get Rating) by 111.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 658,158 shares of the information technology services provider’s stock after acquiring an additional 347,535 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.20% of Sabre worth $3,390,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SABR. Raymond James & Associates raised its holdings in shares of Sabre by 8.1% during the first quarter. Raymond James & Associates now owns 177,468 shares of the information technology services provider’s stock valued at $2,028,000 after acquiring an additional 13,361 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sabre by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 3,141,433 shares of the information technology services provider’s stock valued at $35,907,000 after purchasing an additional 26,741 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Sabre by 42.6% in the first quarter. MetLife Investment Management LLC now owns 223,500 shares of the information technology services provider’s stock valued at $2,555,000 after purchasing an additional 66,759 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sabre by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,536 shares of the information technology services provider’s stock valued at $1,355,000 after purchasing an additional 11,302 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Sabre by 9.7% in the first quarter. Great West Life Assurance Co. Can now owns 181,986 shares of the information technology services provider’s stock valued at $2,140,000 after purchasing an additional 16,079 shares during the last quarter.

Wall Street Analysts Forecast Growth

SABR has been the subject of several recent research reports. Morgan Stanley cut their price target on Sabre from $7.00 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, February 16th. Bank of America cut Sabre from a “buy” rating to an “underperform” rating and cut their price target for the company from $11.00 to $7.00 in a report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.50.

Sabre Price Performance

SABR stock opened at $5.18 on Tuesday. The business has a fifty day moving average of $6.36 and a two-hundred day moving average of $6.06. Sabre Co. has a 52-week low of $4.46 and a 52-week high of $11.77.

Sabre (NASDAQ:SABR – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The information technology services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The firm had revenue of $631.18 million during the quarter, compared to analyst estimates of $673.88 million. Sell-side analysts forecast that Sabre Co. will post -0.79 EPS for the current fiscal year.

Sabre Profile

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Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.