Hill City Capital LP Has $27.95 Million Stock Holdings in Sabre Co. (NASDAQ:SABR)

Hill City Capital LP lowered its position in shares of Sabre Co. (NASDAQ:SABR) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 7,617,000 shares of the information technology services provider’s stock after selling 300,000 shares during the period. Sabre makes up 1.8% of Hill City Capital LP’s portfolio, making the stock its 16th largest position. Hill City Capital LP’s holdings in Sabre were worth $27,954,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Sabre during the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management bought a new stake in shares of Sabre during the 2nd quarter worth approximately $29,000. Wellington Wealth Strategies LLC. bought a new stake in shares of Sabre during the 2nd quarter worth approximately $32,000. Finally, 626 Financial LLC acquired a new stake in shares of Sabre in the 3rd quarter valued at approximately $44,000. 89.42% of the stock is owned by institutional investors.

Sabre Stock Performance

SABR opened at $3.94 on Tuesday. The stock’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.21. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68.

Sabre (NASDAQ:SABR) last posted 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 for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SABR shares. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 price target on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Sabre currently has a consensus rating of “Hold” and a consensus price target 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.