Paloma Partners Management Co Buys Shares of 14,600 Sabre Co. (NASDAQ:SABR)

Paloma Partners Management Co purchased a new position in shares of Sabre Co. (NASDAQ:SABR) during the third quarter, HoldingsChannel.com reports. The fund purchased 14,600 shares of the information technology services provider’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after buying an additional 6,582 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre in the second quarter worth about $26,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre during the second quarter worth about $32,000. 626 Financial LLC acquired a new position in shares of Sabre during the third quarter valued at about $44,000. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Sabre in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

SABR stock opened at $3.74 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $4.68. The firm’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.23.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SABR shares. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.50.

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.