100,000 Shares in Sabre Co. (NASDAQ:SABR) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in shares of Sabre Co. (NASDAQ:SABR) during the third quarter, Holdings Channel reports. The firm purchased 100,000 shares of the information technology services provider’s stock, valued at approximately $367,000.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC bought a new position in shares of Sabre during the 2nd quarter valued at about $26,000. Wellington Wealth Strategies LLC. purchased a new stake in Sabre in the second quarter worth approximately $32,000. International Assets Investment Management LLC grew its position in Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sabre during the second quarter worth approximately $34,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sabre in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SABR shares. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Down 5.0 %

Shares of NASDAQ SABR opened at $3.83 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -4.85 and a beta of 1.80. The firm’s fifty day moving average is $3.65 and its 200 day moving average is $3.26. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. Equities research analysts anticipate that Sabre Co. will post -0.3 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.