Empowered Funds LLC Takes Position in Sabre Co. (NASDAQ:SABR)

Empowered Funds LLC bought a new position in Sabre Co. (NASDAQ:SABR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,361 shares of the information technology services provider's stock, valued at approximately $297,000.

A number of other large investors have also made changes to their positions in SABR. State Street Corp boosted its holdings in shares of Sabre by 1.0% in the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider's stock worth $51,446,000 after buying an additional 140,218 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Sabre during the 3rd quarter worth $36,185,000. Geode Capital Management LLC grew its position in shares of Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock valued at $33,335,000 after acquiring an additional 145,383 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sabre by 0.7% in the 3rd 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 purchasing an additional 39,509 shares in the last quarter. Finally, Beaconlight Capital LLC increased its stake in shares of Sabre by 32.2% in the 3rd 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 in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Down 5.1 %

SABR stock traded down $0.23 during trading on Monday, reaching $4.29. The company's stock had a trading volume of 5,239,726 shares, compared to its average volume of 3,859,424. The company's fifty day moving average is $3.55 and its 200-day moving average is $3.47. The company has a market capitalization of $1.66 billion, a P/E ratio of -5.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analysts' expectations of $716.60 million. Analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

SABR has been the topic of several analyst reports. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research report on Friday. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research report on Friday. Finally, Sanford C. Bernstein reiterated an "underperform" rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $3.25.

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.