Beaconlight Capital LLC Has $13.47 Million Position in Sabre Co. (NASDAQ:SABR)

Beaconlight Capital LLC lowered its stake in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,690,999 shares of the information technology services provider's stock after selling 263,981 shares during the quarter. Sabre comprises about 5.0% of Beaconlight Capital LLC's holdings, making the stock its 6th largest position. Beaconlight Capital LLC owned 0.96% of Sabre worth $13,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SABR. Arrowstreet Capital Limited Partnership grew its stake in Sabre by 831.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock worth $21,388,000 after buying an additional 5,230,239 shares during the period. U S Global Investors Inc. purchased a new stake in Sabre during the 4th quarter worth $20,509,000. Northern Trust Corp increased its holdings in Sabre by 7.8% in the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock valued at $16,751,000 after purchasing an additional 333,690 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sabre by 38.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock valued at $13,198,000 after purchasing an additional 1,007,871 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Sabre by 7.9% during the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock worth $9,691,000 after purchasing an additional 194,356 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley lowered their target price on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price for the company in a research note on Tuesday, April 1st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sabre has an average rating of "Hold" and a consensus target price of $4.28.

Sabre Stock Up 0.0 %

Shares of Sabre stock traded up $0.00 on Wednesday, hitting $2.45. 9,744,240 shares of the company's stock traded hands, compared to its average volume of 4,428,431. The firm's 50-day moving average is $2.82 and its 200 day moving average is $3.36. The stock has a market cap of $946.26 million, a P/E ratio of -3.40, a PEG ratio of 2.43 and a beta of 1.36. Sabre Co. has a 52-week low of $1.93 and a 52-week high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $776.62 million for the quarter, compared to analysts' expectations of $794.65 million. Sabre's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. Equities research analysts forecast that Sabre Co. will post 0.04 EPS for the current year.

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.