Wesleyan Assurance Society Decreases Position in Sabre Co. (NASDAQ:SABR)

Wesleyan Assurance Society decreased its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 385,000 shares of the information technology services provider's stock after selling 88,000 shares during the quarter. Wesleyan Assurance Society owned 0.10% of Sabre worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SABR. Sterling Capital Management LLC lifted its position in 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 valued at $35,000 after acquiring an additional 8,454 shares in the last quarter. Smartleaf Asset Management LLC raised 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 purchasing an additional 6,298 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Sabre in the fourth quarter worth $45,000. Briaud Financial Planning Inc bought a new position in shares of Sabre during the fourth quarter valued at $51,000. Finally, Sprott Inc. purchased a new stake in shares of Sabre during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Stock Down 3.1%

Shares of NASDAQ:SABR opened at $2.86 on Tuesday. The stock has a market capitalization of $1.11 billion, a PE ratio of -3.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The firm's 50 day moving average price is $2.63 and its 200-day moving average price is $3.30. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last announced its earnings results 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 analyst estimates of $794.65 million. The company's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SABR shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Morgan Stanley decreased their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised 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 report on Tuesday, April 1st. Finally, Bank of America raised Sabre from a "neutral" rating to a "buy" rating and increased their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. 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, the stock presently has an average rating of "Hold" and a consensus price target 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.

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