As Wall Street continues to face challenges brought on by the pandemic, investors remain focused on finding opportunities where they can. One company that has caught the attention of the New York State Teachers Retirement System (NYSTRS) is Sabre Co. (NASDAQ:SABR). According to a recent disclosure with the SEC, NYSTRS raised its holdings in Sabre by 11.7% in the fourth quarter of last year, indicating confidence in the company’s future prospects.
As of its most recent filing with the SEC, NYSTRS owned 366,436 shares of Sabre worth $2,265,000. This represents 0.11% of the information technology services provider’s stock – a significant stake in a company whose future outlook has been somewhat uncertain due to ongoing economic uncertainty.
Sabre’s quarterly earnings data released in February failed to meet analysts’ consensus estimates; it reported an EPS of ($0.40), falling short of expectations by ($0.01). Despite this setback, Sabre had revenue of $631.18 million for that period compared to analysts’ projections of $673.88 million.
While these numbers may appear discouraging to some investors, many experts believe that it would be premature to write off Sabre entirely – particularly given its current low valuation and strong position within its market segment.
No comments:
Post a Comment