Virtu Financial LLC Purchases New Position in Sabre Co. (NASDAQ:SABR)

Virtu Financial LLC acquired a new position in shares of Sabre Co. (NASDAQ:SABR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 33,817 shares of the information technology services provider’s stock, valued at approximately $123,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. increased its holdings in Sabre by 22.1% in 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 in the last quarter. Cibc World Markets Corp acquired a new position in shares of Sabre in the fourth quarter valued at approximately $131,000. Swiss National Bank raised its holdings in Sabre by 1.2% in the 4th quarter. Swiss National Bank now owns 720,600 shares of the information technology services provider’s stock valued at $2,630,000 after buying an additional 8,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sabre by 107.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider’s stock worth $7,496,000 after buying an additional 1,062,191 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Sabre by 15.8% during the 4th quarter. HighTower Advisors LLC now owns 61,982 shares of the information technology services provider’s stock worth $226,000 after acquiring an additional 8,457 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SABR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Bank of America raised Sabre from a “neutral” rating to a “buy” rating and increased their price target for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th.

Sabre Stock Down 6.4 %

SABR opened at $3.06 on Monday. The company has a fifty day moving average of $3.58 and a 200-day moving average of $3.59. Sabre Co. has a twelve month low of $2.29 and a twelve month high of $4.63. The stock has a market cap of $1.18 billion, a PE ratio of -4.25, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

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

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.