XTX Topco Ltd Purchases Shares of 44,805 Sabre Corporation (NASDAQ:SABR)

XTX Topco Ltd acquired a new position in shares of Sabre Corporation (NASDAQ:SABR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,805 shares of the information technology services provider’s stock, valued at approximately $126,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Sabre by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider’s stock worth $6,109,000 after purchasing an additional 30,236 shares in the last quarter. Invesco Ltd. raised its position in 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 buying an additional 194,356 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Sabre in the 4th quarter valued at approximately $130,000. Sterling Capital Management LLC raised its position in Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 8,454 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Sabre by 8.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock valued at $146,000 after buying an additional 3,142 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

SABR has been the topic of a number of recent research reports. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $4.00 to $3.00 in a research report on Monday. Morgan Stanley restated a “reduce” rating on shares of Sabre in a research note on Sunday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued 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 $4.15.

Sabre Stock Down 7.1%

SABR stock opened at $1.83 on Friday. The business has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $2.96. The company has a market cap of $721.95 million, a price-to-earnings ratio of -2.01 and a beta of 1.47. Sabre Corporation has a twelve month low of $1.73 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $687.15 million during the quarter, compared to analyst estimates of $718.16 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

About Sabre

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.