Twin Tree Management LP raised its holdings in Sabre Co. (NASDAQ:SABR) by 469.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,844 shares of the information technology services provider’s stock after purchasing an additional 18,008 shares during the quarter. Twin Tree Management LP’s holdings in Sabre were worth $469,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of SABR. Northwestern Mutual Wealth Management Co. bought a new position in Sabre in the 4th quarter valued at $169,000. Toronto Dominion Bank raised its position in Sabre by 39.8% in the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 3,509 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Sabre by 25.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock valued at $254,000 after purchasing an additional 2,528 shares during the last quarter. IFG Advisory LLC bought a new position in Sabre in the 4th quarter valued at $321,000. Finally, Parametrica Management Ltd bought a new position in Sabre in the 4th quarter valued at $349,000.
Several equities analysts have issued reports on the company. Deutsche Bank lifted their price objective on Sabre from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Sabre from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 2nd. Oppenheimer lifted their price objective on Sabre from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub upgraded Sabre from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.80.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, May 1st. The information technology services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $988.37 million during the quarter, compared to the consensus estimate of $942.68 million. Sabre had a return on equity of 49.84% and a net margin of 6.93%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. equities research analysts predict that Sabre Co. will post 1.3 earnings per share for the current fiscal year.
In other news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $22.27, for a total transaction of $197,526,949.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as 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.
Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Co. (NASDAQ:SABR).
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.