Renaissance Technologies LLC Sells 768,300 Shares of Sabre Co. (NASDAQ:SABR)

Renaissance Technologies LLC reduced its stake in shares of Sabre Co. (NASDAQ:SABR – Get Rating) by 33.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,544,000 shares of the information technology services provider’s stock after selling 768,300 shares during the period. Renaissance Technologies LLC owned about 0.47% of Sabre worth $7,952,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in Sabre by 17.3% during the 2nd quarter. Captrust Financial Advisors now owns 13,271 shares of the information technology services provider’s stock worth $77,000 after purchasing an additional 1,956 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in Sabre by 9.0% during the 3rd quarter. Samalin Investment Counsel LLC now owns 24,170 shares of the information technology services provider’s stock worth $124,000 after purchasing an additional 2,000 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Sabre by 3.2% in the second quarter. Victory Capital Management Inc. now owns 73,572 shares of the information technology services provider’s stock valued at $429,000 after acquiring an additional 2,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Sabre by 2.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 95,029 shares of the information technology services provider’s stock valued at $489,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Sabre by 11.6% in the third quarter. Inspire Investing LLC now owns 40,391 shares of the information technology services provider’s stock valued at $208,000 after acquiring an additional 4,184 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on SABR. Morgan Stanley reduced their target price 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 lowered Sabre from a “buy” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $7.00 in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.50.

Sabre Trading Down 3.1 %

Sabre stock opened at $5.02 on Wednesday. Sabre Co. has a 12 month low of $4.46 and a 12 month high of $11.77. The business’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.05.

Sabre (NASDAQ:SABR – Get Rating) last posted its quarterly earnings data 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 company had revenue of $631.18 million during the quarter, compared to analyst estimates of $673.88 million. Sell-side analysts expect that Sabre Co. will post -0.79 earnings per share for the current fiscal year.

About Sabre

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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.