Beaconlight Capital LLC Has $14.52 Million Stock Holdings in Sabre Co. (NASDAQ:SABR)

Beaconlight Capital LLC boosted its position in Sabre Co. (NASDAQ:SABR) by 32.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,954,980 shares of the information technology services provider’s stock after purchasing an additional 962,665 shares during the quarter. Sabre comprises 5.9% of Beaconlight Capital LLC’s holdings, making the stock its 5th biggest position. Beaconlight Capital LLC owned approximately 1.03% of Sabre worth $14,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Earnest Partners LLC grew its stake in shares of Sabre by 62.6% in the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after purchasing an additional 12,838,230 shares in the last quarter. Tidal Investments LLC bought a new position in Sabre in the 1st quarter valued at about $3,463,000. Vanguard Group Inc. increased its stake in Sabre by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after buying an additional 678,588 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Sabre by 51.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after buying an additional 570,197 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Sabre by 37.0% in the 2nd quarter. Rhumbline Advisers now owns 1,484,339 shares of the information technology services provider’s stock worth $3,963,000 after acquiring an additional 400,980 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Up 0.5 %

NASDAQ:SABR traded up $0.02 during trading hours on Wednesday, reaching $3.79. 1,971 shares of the company’s stock were exchanged, compared to its average volume of 4,357,295. The company has a market capitalization of $1.46 billion, a P/E ratio of -4.77 and a beta of 1.74. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $4.68. The business’s 50-day simple moving average is $3.56 and its two-hundred day simple moving average is $3.19.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Sabre

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.