WINTON GROUP Ltd Takes Position in Sabre Co. (NASDAQ:SABR)

WINTON GROUP Ltd bought a new position in Sabre Co. (NASDAQ:SABR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 52,626 shares of the information technology services provider’s stock, valued at approximately $192,000.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 3,116 shares during the last quarter. Xponance Inc. lifted its holdings in Sabre by 22.1% in the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after buying an additional 5,395 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after buying an additional 6,298 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Sabre by 9.6% during the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock valued at $286,000 after buying an additional 6,852 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Sabre by 15.8% during the fourth quarter. HighTower Advisors LLC now owns 61,982 shares of the information technology services provider’s stock valued at $226,000 after acquiring an additional 8,457 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SABR has been the topic of a number of research analyst reports. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Sabre Trading Down 8.2 %

Shares of SABR stock opened at $2.81 on Tuesday. The company’s fifty day moving average price is $3.57 and its 200-day moving average price is $3.58. The stock has a market cap of $1.08 billion, a PE ratio of -3.90, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. Sabre Co. has a 12 month low of $2.29 and a 12 month high of $4.63.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. On average, sell-side analysts forecast that Sabre Co. will post 0.04 earnings per share 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.