D. E. Shaw & Co. Inc. Has $500,000 Stock Position in Sabre Co. (NASDAQ:SABR)

D. E. Shaw & Co. Inc. raised its holdings in shares of Sabre Co. (NASDAQ:SABR) by 520.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,996 shares of the information technology services provider’s stock after acquiring an additional 114,899 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Sabre were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SABR. Arrowstreet Capital Limited Partnership increased its position in shares of Sabre by 831.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock worth $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of Sabre in the fourth quarter valued at $20,509,000. Northern Trust Corp increased its holdings in Sabre by 7.8% during 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. Dimensional Fund Advisors LP raised its position in Sabre by 38.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock worth $13,198,000 after acquiring an additional 1,007,871 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock valued at $9,691,000 after acquiring an additional 194,356 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Wall Street Zen raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Morgan Stanley cut their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Sanford C. Bernstein upgraded shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target on the stock in a research note on Tuesday, April 1st. Finally, Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and increased their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sabre presently has an average rating of “Hold” and an average target price of $4.28.

Sabre Stock Performance

Shares of SABR opened at $2.55 on Monday. The firm has a market cap of $988.91 million, a PE ratio of -3.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63. The business’s 50 day moving average price is $2.57 and its two-hundred day moving average price is $3.27.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that Sabre Co. will post 0.04 EPS for the current fiscal year.

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.