Sabre Corporation (NASDAQ:SABR) Shares Sold by Wesleyan Assurance Society

Wesleyan Assurance Society cut its holdings in Sabre Corporation (NASDAQ:SABR - Free Report) by 35.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250,000 shares of the information technology services provider's stock after selling 135,000 shares during the quarter. Wesleyan Assurance Society owned 0.06% of Sabre worth $700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Sabre by 831.0% in 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 last quarter. Northern Trust Corp lifted its position in Sabre by 7.8% in the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider's stock worth $16,751,000 after buying an additional 333,690 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Sabre by 25.5% during the fourth quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider's stock worth $13,583,000 after purchasing an additional 755,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sabre by 38.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider's stock worth $13,198,000 after purchasing an additional 1,007,871 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Sabre by 35.4% during the fourth quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider's stock worth $12,892,000 after purchasing an additional 922,693 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Trading Down 3.5%

Shares of Sabre stock traded down $0.12 during trading on Thursday, hitting $3.16. 2,048,087 shares of the stock traded hands, compared to its average volume of 5,440,552. The firm has a market cap of $1.22 billion, a P/E ratio of -7.17 and a beta of 1.43. Sabre Corporation has a 52-week low of $1.93 and a 52-week high of $4.63. The stock's fifty day simple moving average is $2.91 and its 200 day simple moving average is $3.04.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect that Sabre Corporation will post 0.04 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SABR. Morgan Stanley cut their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein restated a "market perform" rating on shares of Sabre in a research note on Monday, July 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.