4,451,200 Shares in Sabre Corporation $SABR Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in Sabre Corporation (NASDAQ:SABR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,451,200 shares of the information technology services provider’s stock, valued at approximately $6,054,000. Graham Capital Management L.P. owned approximately 1.13% of Sabre as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SABR. Brooklands Fund Management Ltd lifted its stake in Sabre by 82.9% during the 4th quarter. Brooklands Fund Management Ltd now owns 428,000 shares of the information technology services provider’s stock valued at $556,000 after acquiring an additional 194,000 shares in the last quarter. Verition Fund Management LLC lifted its stake in Sabre by 31.8% during the 4th quarter. Verition Fund Management LLC now owns 212,500 shares of the information technology services provider’s stock valued at $289,000 after acquiring an additional 51,257 shares in the last quarter. Discerene Group LP lifted its stake in Sabre by 34.9% during the 4th quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock valued at $52,392,000 after acquiring an additional 9,958,212 shares in the last quarter. State Street Corp lifted its stake in Sabre by 2.4% during the 4th quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock valued at $20,147,000 after acquiring an additional 343,209 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Sabre by 457.0% during the 4th quarter. Ieq Capital LLC now owns 57,802 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 47,425 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SABR shares. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Sabre currently has a consensus rating of “Reduce” and a consensus price target of $1.97.

Sabre Price Performance

Shares of Sabre stock opened at $1.98 on Wednesday. Sabre Corporation has a 1 year low of $0.81 and a 1 year high of $3.52. The firm has a market cap of $782.71 million, a PE ratio of 1.82 and a beta of 0.99. The stock has a fifty day moving average price of $1.73 and a 200-day moving average price of $1.50.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. As a group, equities analysts anticipate that Sabre Corporation will post -0.13 EPS for the current fiscal year.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.