Arrowstreet Capital Limited Partnership Boosts Stock Position in Sabre Co. (NASDAQ:SABR)

Arrowstreet Capital Limited Partnership increased its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 831.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,859,649 shares of the information technology services provider's stock after buying an additional 5,230,239 shares during the period. Arrowstreet Capital Limited Partnership owned 1.52% of Sabre worth $21,388,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Sabre by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider's stock valued at $20,020,000 after acquiring an additional 39,509 shares in the last quarter. FMR LLC raised its stake in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 3,116 shares in the last quarter. Verition Fund Management LLC lifted its position in Sabre by 37.3% during the third quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider's stock valued at $697,000 after purchasing an additional 51,595 shares during the last quarter. Paloma Partners Management Co purchased a new position in Sabre in the 3rd quarter worth approximately $54,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Sabre in the 3rd quarter worth $367,000. Institutional investors own 89.42% of the company's stock.

Sabre Trading Down 2.5 %

Shares of NASDAQ:SABR traded down $0.05 on Tuesday, reaching $1.95. 10,202,428 shares of the company traded hands, compared to its average volume of 4,301,711. The stock has a market capitalization of $752.84 million, a P/E ratio of -2.71, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The business's 50-day simple moving average is $3.41 and its 200 day simple moving average is $3.53. Sabre Co. has a 52 week low of $1.94 and a 52 week high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Sell-side analysts expect that Sabre Co. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SABR has been the subject of several research reports. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a research report on Tuesday, April 1st. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st.

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.