Beaconlight Capital LLC Sells 263,981 Shares of Sabre Co. (NASDAQ:SABR)

Beaconlight Capital LLC trimmed its stake in Sabre Co. (NASDAQ:SABR) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,690,999 shares of the information technology services provider’s stock after selling 263,981 shares during the period. Sabre comprises about 5.0% of Beaconlight Capital LLC’s investment portfolio, 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 hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Sabre by 831.0% during 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 purchasing an additional 5,230,239 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of Sabre during the fourth quarter worth approximately $20,509,000. Northern Trust Corp raised its stake in shares of 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 valued at $16,751,000 after acquiring an additional 333,690 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sabre by 38.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock worth $13,198,000 after acquiring an additional 1,007,871 shares in the last quarter. Finally, Invesco Ltd. grew its position in Sabre by 7.9% during the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider’s stock worth $9,691,000 after acquiring an additional 194,356 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Up 1.7 %

Shares of SABR stock opened at $2.44 on Friday. Sabre Co. has a 12 month low of $1.93 and a 12 month high of $4.63. The firm has a market cap of $942.01 million, a price-to-earnings ratio of -3.39, a PEG ratio of 2.43 and a beta of 1.36. The stock has a 50-day moving average price of $2.88 and a 200 day moving average price of $3.37.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. Sell-side analysts predict that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SABR has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price objective 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and raised their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. 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 report on Tuesday, April 1st. Finally, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.