Cooper Creek Partners Management LLC Acquires 1,537,625 Shares of Sabre Co. (NASDAQ:SABR)

Cooper Creek Partners Management LLC grew its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 139.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,638,059 shares of the information technology services provider's stock after acquiring an additional 1,537,625 shares during the quarter. Cooper Creek Partners Management LLC owned 0.68% of Sabre worth $9,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC raised its holdings in Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock worth $58,000 after acquiring an additional 3,116 shares in the last quarter. Xponance Inc. increased its position in shares of Sabre by 22.1% during the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 5,395 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 6,298 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Sabre by 9.6% in the 4th 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 last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Sabre by 744.8% in the fourth 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 in the last quarter. Institutional investors own 89.42% of the company's stock.

Sabre Price Performance

Shares of SABR stock remained flat at $2.03 on Friday. 3,798,133 shares of the company traded hands, compared to its average volume of 4,400,871. Sabre Co. has a fifty-two week low of $1.93 and a fifty-two week high of $4.63. The company has a market cap of $783.72 million, a P/E ratio of -2.82, a PEG ratio of 2.43 and a beta of 1.39. The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.46.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, sell-side analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SABR has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Morgan Stanley cut their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective on the stock in a report on Tuesday, April 1st. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sabre presently has a consensus rating of "Hold" and a consensus price target of $4.28.

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.