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

Hill City Capital LP lowered its stake in Sabre Co. (NASDAQ:SABR) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,617,000 shares of the information technology services provider’s stock after selling 300,000 shares during the period. Sabre accounts for 1.8% of Hill City Capital LP’s portfolio, making the stock its 16th largest position. Hill City Capital LP owned 1.97% of Sabre worth $27,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Earnest Partners LLC increased its stake in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after buying an additional 12,838,230 shares during the period. Erste Asset Management GmbH bought a new position in Sabre in the third quarter valued at about $36,185,000. Beaconlight Capital LLC increased its position in Sabre by 32.2% in the third quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock worth $14,515,000 after purchasing an additional 962,665 shares during the period. Vanguard Group Inc. raised its holdings 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 worth $102,420,000 after purchasing an additional 678,588 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in 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 valued at $4,465,000 after purchasing an additional 570,197 shares during the period. Institutional investors own 89.42% of the company’s stock.

Analysts Set New Price Targets

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

Sabre Stock Up 0.8 %

NASDAQ SABR opened at $3.94 on Tuesday. The stock’s 50-day moving average is $3.61 and its 200-day moving average is $3.21. Sabre Co. has a one year low of $1.81 and a one year high of $4.68.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate 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 last year, the business posted ($0.10) earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Sabre Co. will post -0.3 EPS for the current year.

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.