Empyrean Capital Partners LP Grows Position in Sabre Co. (NASDAQ:SABR)

Empyrean Capital Partners LP increased its position in Sabre Co. (NASDAQ:SABR) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,500,000 shares of the information technology services provider’s stock after purchasing an additional 175,000 shares during the period. Empyrean Capital Partners LP owned 0.65% of Sabre worth $9,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SABR. Sterling Capital Management LLC grew its stake in shares of Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after buying an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 6,298 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Sabre during the fourth quarter valued at $45,000. Briaud Financial Planning Inc bought a new position in Sabre in the 4th quarter worth about $51,000. Finally, Sprott Inc. purchased a new stake in Sabre during the 4th quarter valued at about $55,000. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Up 3.5 %

Shares of NASDAQ SABR opened at $2.54 on Friday. Sabre Co. has a 12-month low of $1.93 and a 12-month high of $4.63. The firm has a market capitalization of $978.69 million, a price-to-earnings ratio of -3.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The firm has a 50 day moving average of $2.75 and a 200 day moving average of $3.34.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $776.62 million during the quarter, compared to analysts’ expectations of $794.65 million. Sabre’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. Sell-side analysts predict that Sabre Co. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SABR shares. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Morgan Stanley reduced their target price on Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price for the company in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Sabre has an average rating of “Hold” and an average target price of $4.28.

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.