Gotham Asset Management LLC Has $267,000 Stake in Sabre Co. (NASDAQ:SABR)

Gotham Asset Management LLC decreased its holdings in Sabre Co. (NASDAQ:SABR) by 42.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,089 shares of the information technology services provider’s stock after selling 54,767 shares during the period. Gotham Asset Management LLC’s holdings in Sabre were worth $267,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Sabre in the 4th quarter valued at about $123,000. Barclays PLC increased its holdings in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after purchasing an additional 267,778 shares during the period. Invesco Ltd. increased its holdings in shares of Sabre by 7.9% in the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after purchasing an additional 194,356 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Sabre by 1.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider’s stock valued at $6,109,000 after purchasing an additional 30,236 shares during the period. Finally, Northern Trust Corp increased its holdings in Sabre by 7.8% in the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider’s stock worth $16,751,000 after buying an additional 333,690 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Down 6.3%

Shares of SABR stock opened at $2.68 on Wednesday. Sabre Co. has a 12 month low of $1.93 and a 12 month high of $4.63. The business’s 50 day moving average is $2.62 and its two-hundred day moving average is $3.29. The company has a market cap of $1.04 billion, a PE ratio of -3.72, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The firm’s revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Sabre Co. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

SABR has been the topic of a number of research reports. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective on the stock in a report on Tuesday, April 1st. Morgan Stanley dropped their price objective on Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Finally, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.28.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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.