Hill City Capital LP Sells 300,000 Shares of Sabre Co. (NASDAQ:SABR)

Hill City Capital LP reduced its position in Sabre Co. (NASDAQ:SABR - Free Report) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,617,000 shares of the information technology services provider's stock after selling 300,000 shares during the period. Sabre accounts for approximately 1.8% of Hill City Capital LP's investment portfolio, making the stock its 16th largest holding. Hill City Capital LP owned approximately 1.97% of Sabre worth $27,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paloma Partners Management Co bought a new stake in shares of Sabre during the third quarter worth approximately $54,000. Erste Asset Management GmbH bought a new stake in shares of Sabre during the 3rd quarter valued at $36,185,000. Verition Fund Management LLC lifted its stake in shares of Sabre by 37.3% in the 3rd quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider's stock valued at $697,000 after purchasing an additional 51,595 shares during the period. Beaconlight Capital LLC boosted its position 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 during the last quarter. Finally, FMR LLC grew its stake in shares of Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 3,116 shares during the period. Institutional investors own 89.42% of the company's stock.

Sabre Trading Down 8.1 %

Shares of NASDAQ:SABR traded down $0.32 during trading on Tuesday, hitting $3.62. 7,600,417 shares of the company's stock traded hands, compared to its average volume of 4,375,949. The company has a 50-day moving average price of $3.61 and a 200-day moving average price of $3.21. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned ($0.10) EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SABR shares. StockNews.com lowered Sabre from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reissued an "underperform" rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $3.50.

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.