GSA Capital Partners LLP Buys 5,323 Shares of Sabre Co. (NASDAQ:SABR)

GSA Capital Partners LLP grew its holdings in shares of Sabre Co. (NASDAQ:SABR) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 46,481 shares of the information technology services provider’s stock after acquiring an additional 5,323 shares during the period. GSA Capital Partners LLP’s holdings in Sabre were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SABR. Victory Capital Management Inc. increased its stake in Sabre by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after buying an additional 3,270 shares in the last quarter. Xponance Inc. increased its holdings in Sabre by 15.5% during the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 3,689 shares during the period. Louisiana State Employees Retirement System raised its position in Sabre by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Sabre by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of Sabre by 5.6% during the 1st quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock worth $238,000 after buying an additional 5,225 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Shares of SABR stock opened at $3.73 on Monday. The company has a market cap of $1.44 billion, a P/E ratio of -4.72 and a beta of 1.74. The stock’s 50-day moving average is $3.54 and its 200 day moving average is $3.18. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) EPS. On average, analysts anticipate that Sabre Co. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SABR. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Sabre has an average rating of “Hold” and a consensus price target of $3.50.

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.