Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Sabre Corporation (NASDAQ:SABR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sabre Corporation (NASDAQ:SABR) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 21,800 shares of the information technology services provider’s stock, valued at approximately $61,000.

Several other institutional investors also recently made changes to their positions in SABR. Norges Bank purchased a new stake in shares of Sabre during the 4th quarter worth $5,955,000. Cooper Creek Partners Management LLC boosted its position in shares of Sabre by 139.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock worth $9,629,000 after purchasing an additional 1,537,625 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sabre by 38.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock worth $13,198,000 after purchasing an additional 1,007,871 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Sabre by 35.4% during the 4th quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock worth $12,892,000 after purchasing an additional 922,693 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Sabre by 25.5% during the 4th quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider’s stock worth $13,583,000 after purchasing an additional 755,600 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SABR. Morgan Stanley decreased their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Sanford C. Bernstein restated a “market perform” rating on shares of Sabre in a research report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.28.

Sabre Stock Down 0.3%

NASDAQ:SABR opened at $2.98 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of -6.77 and a beta of 1.47. Sabre Corporation has a 52-week low of $1.93 and a 52-week high of $4.63. The stock has a fifty day simple moving average of $2.98 and a 200-day simple moving average of $3.02.

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