Teacher Retirement System of Texas Takes Position in Sabre Corporation (NASDAQ:SABR)

Teacher Retirement System of Texas acquired a new stake in Sabre Corporation (NASDAQ:SABR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 53,588 shares of the information technology services provider’s stock, valued at approximately $151,000.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Sabre by 831.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. Norges Bank bought a new stake in Sabre during the fourth quarter valued at approximately $5,955,000. Cooper Creek Partners Management LLC lifted its position in Sabre by 139.7% during the fourth quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock valued at $9,629,000 after purchasing an additional 1,537,625 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $13,198,000 after purchasing an additional 1,007,871 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Sabre by 35.4% during the fourth quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock valued at $12,892,000 after purchasing an additional 922,693 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SABR shares. Morgan Stanley lowered their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Sanford C. Bernstein restated a “market perform” rating on shares of Sabre in a report on Monday, July 14th. Three research 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 currently has a consensus rating of “Hold” and a consensus price target of $4.28.

Sabre Trading Down 1.0%

Sabre stock opened at $3.02 on Monday. The firm has a 50 day moving average of $2.90 and a 200 day moving average of $3.04. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -6.86 and a beta of 1.43. Sabre Corporation has a 12-month low of $1.93 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data 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 business had revenue of $776.62 million for the quarter, compared to analyst estimates of $794.65 million. Sabre’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, analysts predict that Sabre Corporation will post 0.04 EPS for the current year.

Sabre 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.