Virtu Financial LLC Takes $123,000 Position in Sabre Co. (NASDAQ:SABR)

Virtu Financial LLC acquired a new position in shares of Sabre Co. (NASDAQ:SABR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,817 shares of the information technology services provider’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its position in shares of Sabre by 403.5% during the third quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 73,018 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Sabre by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after purchasing an additional 39,509 shares in the last quarter. FMR LLC raised its holdings in Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after buying an additional 3,116 shares during the period. Verition Fund Management LLC lifted its stake in Sabre by 37.3% in the third quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 51,595 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Sabre in the third quarter valued at approximately $36,185,000. 89.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sabre Stock Performance

NASDAQ:SABR opened at $3.06 on Monday. Sabre Co. has a 52 week low of $2.29 and a 52 week high of $4.63. The firm’s 50-day simple moving average is $3.58 and its 200 day simple moving average is $3.59. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -4.25, a P/E/G ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. Sell-side analysts anticipate that Sabre Co. will post 0.04 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.