66,362 Shares in Sabre Co. (NASDAQ:SABR) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Sabre Co. (NASDAQ:SABR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 66,362 shares of the information technology services provider’s stock, valued at approximately $244,000.

A number of other institutional investors have also recently made changes to their positions in SABR. FMR LLC boosted its holdings in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 3,116 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 purchasing an additional 3,270 shares during the period. Xponance Inc. boosted its stake in shares of Sabre by 15.5% in the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after buying an additional 4,300 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after buying an additional 5,323 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Monday. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Down 5.1 %

Shares of NASDAQ:SABR opened at $3.76 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -4.76 and a beta of 1.80. The business’s 50 day moving average is $3.68 and its 200 day moving average is $3.28. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter last year, the company earned ($0.10) EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Sabre Co. will post -0.3 earnings per share for the current year.

Sabre Company 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.