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

Wesleyan Assurance Society cut its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 385,000 shares of the information technology services provider's stock after selling 88,000 shares during the period. Wesleyan Assurance Society owned 0.10% of Sabre worth $1,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SABR. U S Global Investors Inc. bought a new position in Sabre in the 4th quarter worth approximately $20,509,000. Arrowstreet Capital Limited Partnership boosted its holdings in Sabre by 831.0% in the 4th 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. Norges Bank bought a new position in Sabre in the 4th quarter worth approximately $5,955,000. Cooper Creek Partners Management LLC boosted its holdings in Sabre by 139.7% in the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider's stock worth $9,629,000 after buying an additional 1,537,625 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sabre by 107.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,822 shares of the information technology services provider's stock worth $7,496,000 after buying an additional 1,062,191 shares during the period. 89.42% of the stock is owned by institutional investors.

Sabre Trading Down 1.2%

Shares of Sabre stock traded down $0.03 on Friday, hitting $2.55. 5,526,469 shares of the company traded hands, compared to its average volume of 4,514,501. The firm's 50-day simple moving average is $2.57 and its 200 day simple moving average is $3.28. The company has a market cap of $988.91 million, a P/E ratio of -3.54, a P/E/G ratio of 2.43 and a beta of 1.36. Sabre Co. has a 12-month low of $1.93 and a 12-month 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) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $776.62 million for the quarter, compared to analysts' expectations of $794.65 million. The business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) EPS. Analysts predict that Sabre Co. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SABR. Wall Street Zen raised shares of Sabre from a "hold" rating to a "buy" rating in a report 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 on the stock in a research note on Tuesday, April 1st. Morgan Stanley lowered their target price on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and increased their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.28.

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.