Graham Capital Management L.P. Acquires New Position in Sabre Corporation $SABR

Graham Capital Management L.P. acquired a new stake in Sabre Corporation (NASDAQ:SABR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,451,200 shares of the information technology services provider’s stock, valued at approximately $6,054,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after acquiring an additional 5,617 shares during the period. Captrust Financial Advisors raised its stake in Sabre by 17.8% in the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after acquiring an additional 8,262 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after acquiring an additional 9,923 shares during the period. Empowered Funds LLC raised its stake in Sabre by 12.9% in the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after acquiring an additional 10,530 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Sabre by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock valued at $1,574,000 after acquiring an additional 10,742 shares during the period. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Up 13.8%

Shares of SABR opened at $1.98 on Wednesday. The business’s 50-day moving average price is $1.73 and its 200-day moving average price is $1.50. Sabre Corporation has a twelve month low of $0.81 and a twelve month high of $3.52. The stock has a market cap of $782.71 million, a PE ratio of 1.82 and a beta of 0.99.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to the consensus estimate of $739.02 million. Analysts expect that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SABR has been the topic of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $1.97.

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.