Beaconlight Capital LLC Acquires 962,665 Shares of Sabre Co. (NASDAQ:SABR)

Beaconlight Capital LLC lifted its stake in Sabre Co. (NASDAQ:SABR) by 32.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,954,980 shares of the information technology services provider’s stock after purchasing an additional 962,665 shares during the quarter. Sabre accounts for 5.9% of Beaconlight Capital LLC’s portfolio, making the stock its 5th largest position. Beaconlight Capital LLC’s holdings in Sabre were worth $14,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SABR. FMR LLC grew its stake in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 3,116 shares in the last quarter. Algert Global LLC grew its stake in shares of Sabre by 44.2% in the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after buying an additional 134,340 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Sabre by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after buying an additional 39,509 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Sabre by 135.7% during the third quarter. Integrated Investment Consultants LLC now owns 131,006 shares of the information technology services provider’s stock valued at $481,000 after acquiring an additional 75,436 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Sabre by 403.5% in the third quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock valued at $334,000 after acquiring an additional 73,018 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Performance

Shares of Sabre stock traded up $0.02 on Wednesday, reaching $3.79. The stock had a trading volume of 1,971 shares, compared to its average volume of 4,357,295. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $4.68. The business’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $3.19. The stock has a market cap of $1.46 billion, a P/E ratio of -4.77 and a beta of 1.74.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.10) earnings per share. As a group, equities analysts forecast that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Sabre presently has an average rating of “Hold” and an average target price of $3.50.

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.