Quantinno Capital Management LP Ups Its Stake in Sabre Co. by Nearly Sevenfold
In what can be deemed as a significant development in the finance world, Quantinno Capital Management LP has considerably bolstered its position in Sabre Co. (NASDAQ:SABR) with an eye-watering increase of 699.9% in the 4th quarter, according to its most recent filing with the SEC.
As per reports, the asset management firm relentlessly acquired over 120,000 shares of Sabre’s common stock during the period, which was instrumental in significantly amplifying its holdings and influence in the information technology services industry.
Sabre is a renowned American software company that delivers cutting-edge IT solutions to top-tier businesses across the globe. Its innovative strategies are specifically aimed towards improving business operations and visitor experiences for clients ranging from airlines, travel agencies to hospitality providers.
With this strategic move potentially netting Quantinno north of $850,000 at the end of last year’s reporting period, it goes without saying that the New York-based alternative asset manager sees massive potential for growth opportunities in Sabre’s vast IT ecosystem – perhaps driven by a renewed interest and demand in digital solutions amid pandemic-induced uncertainties across multiple sectors.
Quantinno is becoming increasingly influential as an alternative Finance player within space-dominated by global financial powerhouses such as BlackRock and Vanguard Group. The quant-driven investment house boasts of robust analytical models built on big data sources from various industries and leverages machine learning techniques to identify key trends – offering grounded insights into equity trends and investment moves far before other market participants.
In conclusion, while no certain future patterns nor unambiguous successes are guaranteed investments made by Quantinno or anybody else therein – this latest confirmation from SEC gives an insight into their approach and overall focus area for 2021 – wherein futuristic digital innovation remains firmly entrenched amid heightened volatility all over Wall Street.
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Hedge Funds Increasingly Interested in Sabre Corporation, but Brokers Issue Mixed Outlook on Stock Performance
Sabre Corporation, an American software and technology company, has recently attracted the attention of numerous hedge funds. As per reports, several hedge funds have made significant changes to their holdings of Sabre shares in the last few months. U S Global Investors Inc., for instance, acquired a new stake in Sabre’s shares during Q3 2020 worth $32.9 million. JPMorgan Chase & Co. increased its holdings by over 438% during Q4 2020 and now owns over 4 million shares of Sabre worth $26.5 million. Kopernik Global Investors LLC followed suite by increasing its stake in Sabre by almost 79%. Meanwhile, Charles Schwab Investment Management Inc. bought an additional 1.8 million shares in Q1 2021, ie an increase of over 88%, while State Street Corp purchased around 1.6 million shares of Sabre’s stock, growing its stock holding by close to19%.
These recent activities demonstrate high investor interest in Sabre shares as several hedge funds anticipate the company’s strong prospects in the near future.
Despite the bullish sentiment from these hedge funds, various brokerages have released mixed views on the performance outlook for Sabre’s stock price. While StockNews.com issued a ‘hold’ recommendation for investors eyeing Sabre stocks, Morgan Stanley lowered its price target from $7 to $6.50 before issuing an ‘equal weight’ rating for the firm as it analyses impending risks associated with investing in Sabre stocks.
Elsewhere Mizuho cut their price target from $6 to $4 and placed a neutral outlook on investing in stocks whereas Bank of America dropped their target price from $6 down to $5 as they recommended that investors should avoid investing given underperformance so far.
Overall, Bloomberg analytics illustrate that there is a consensus ‘Hold’ rating among analysts with consensus reaching above only one buy rating out of six ratings received and an average target price of $4.75. Hedge funds seem to have faith in Sabre Corporation’s future business potential, but investors weigh heavily the suggestions made by stockbrokers before making a choice on whether to either invest in or turn away from Sabre shares.