Quadrature Capital Ltd Buys New Position in Sabre Co. (NASDAQ:SABR)

Quadrature Capital Ltd bought a new stake in shares of Sabre Co. (NASDAQ:SABR – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 78,915 shares of the information technology services provider’s stock, valued at approximately $407,000.

Several other large investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in Sabre by 17.3% during the second quarter. Captrust Financial Advisors now owns 13,271 shares of the information technology services provider’s stock valued at $77,000 after buying an additional 1,956 shares during the period. Samalin Investment Counsel LLC boosted its position in shares of Sabre by 9.0% in the third 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 during the period. Oregon Public Employees Retirement Fund boosted its position 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 worth $489,000 after purchasing an additional 2,500 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Sabre by 3.4% in the third quarter. Commonwealth Equity Services LLC now owns 76,255 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 2,500 shares during the period. Finally, Inspire Investing LLC boosted its position 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 worth $208,000 after purchasing an additional 4,184 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of Sabre from $7.00 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, February 16th. Sanford C. Bernstein began coverage on shares of Sabre in a research report on Wednesday, March 8th. They issued an “underperform” rating and a $4.00 price target for the company. Finally, Bank of America lowered shares of Sabre from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $7.00 in a research report on Wednesday, January 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.88.

Sabre Stock Performance

Shares of NASDAQ:SABR opened at $4.50 on Monday. The firm has a fifty day moving average price of $6.27 and a 200 day moving average price of $5.99. Sabre Co. has a fifty-two week low of $4.33 and a fifty-two week high of $11.77.

Sabre (NASDAQ:SABR – Get Rating) last issued its earnings results on Wednesday, February 15th. The information technology services provider reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The company had revenue of $631.18 million for the quarter, compared to analysts’ expectations of $673.88 million. Research analysts expect that Sabre Co. will post -0.9 earnings per share 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.