Two Sigma Advisers LP Sells 519,600 Shares of Sabre Co. (NASDAQ:SABR)

Two Sigma Advisers LP lessened its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 14.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,965,900 shares of the information technology services provider's stock after selling 519,600 shares during the quarter. Two Sigma Advisers LP owned about 0.77% of Sabre worth $10,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC purchased a new stake in Sabre in the 2nd quarter valued at about $26,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre during the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC increased its stake in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sabre during the 2nd quarter worth approximately $34,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sabre during the 2nd quarter worth approximately $35,000. Institutional investors own 89.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Sabre from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein restated an "underperform" rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Sabre currently has an average rating of "Hold" and an average price target of $3.50.

Sabre Price Performance

NASDAQ:SABR traded up $0.17 during trading hours on Tuesday, hitting $3.92. The stock had a trading volume of 3,216,177 shares, compared to its average volume of 4,371,205. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.24. Sabre Co. has a one year low of $1.81 and a one year high of $4.68. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -4.96 and a beta of 1.80.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analysts' expectations of $774.53 million. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. 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.