Verition Fund Management LLC Purchases 51,595 Shares of Sabre Co. (NASDAQ:SABR)

Verition Fund Management LLC increased its holdings in Sabre Co. (NASDAQ:SABR) by 37.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,924 shares of the information technology services provider’s stock after acquiring an additional 51,595 shares during the period. Verition Fund Management LLC’s holdings in Sabre were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after purchasing an additional 570,197 shares during the period. Earnest Partners LLC boosted its holdings in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after buying an additional 12,838,230 shares during the last quarter. Algert Global LLC increased its holdings in Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after buying an additional 134,340 shares during the last quarter. Creative Planning raised its position in Sabre by 9.7% in the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock worth $10,960,000 after acquiring an additional 264,026 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Sabre by 161.7% in the second quarter. AQR Capital Management LLC now owns 345,977 shares of the information technology services provider’s stock valued at $901,000 after acquiring an additional 213,757 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. 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. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One 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. Based on data from MarketBeat, Sabre currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Sabre Trading Up 0.3 %

Shares of SABR stock opened at $3.75 on Tuesday. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $4.68. The stock has a market capitalization of $1.45 billion, a P/E ratio of -4.75 and a beta of 1.80. The firm’s 50 day moving average is $3.63 and its 200 day moving average is $3.24.

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