Sabre Co. (NASDAQ:SABR) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of Sabre Co. (NASDAQ:SABR – Get Rating) by 2,018.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 432,839 shares of the information technology services provider’s stock after purchasing an additional 412,410 shares during the period. HighTower Advisors LLC owned approximately 0.13% of Sabre worth $2,675,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Sabre during the third quarter valued at $53,000. Veriti Management LLC bought a new position in Sabre during the fourth quarter valued at about $66,000. Nisa Investment Advisors LLC boosted its stake in Sabre by 95.9% during the third quarter. Nisa Investment Advisors LLC now owns 13,030 shares of the information technology services provider’s stock valued at $73,000 after buying an additional 6,380 shares in the last quarter. Captrust Financial Advisors boosted its stake in Sabre by 17.9% during the second quarter. Captrust Financial Advisors now owns 13,340 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 2,025 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Sabre during the third quarter valued at about $89,000.

Sabre Price Performance

Shares of Sabre stock opened at $3.64 on Tuesday. The stock has a 50-day moving average price of $3.88 and a 200 day moving average price of $5.23. Sabre Co. has a 1 year low of $3.14 and a 1 year high of $8.31.

Sabre (NASDAQ:SABR – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The information technology services provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.06. The business had revenue of $742.70 million during the quarter, compared to analysts’ expectations of $727.68 million. On average, equities analysts forecast that Sabre Co. will post -0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

SABR has been the subject of several research reports. Mizuho decreased their target price on Sabre from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Morgan Stanley decreased their price target on Sabre from $7.00 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, February 16th. Bank of America decreased their price target on Sabre from $6.00 to $5.00 and set an “underperform” rating for the company in a research report on Tuesday, April 4th. StockNews.com started coverage on Sabre in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target for the company in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.75.

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.