Bridgefront Capital LLC Invests $92,000 in Sabre Co. (NASDAQ:SABR)

Bridgefront Capital LLC bought a new position in Sabre Co. (NASDAQ:SABR – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,818 shares of the information technology services provider’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Sabre in the 3rd quarter worth approximately $53,000. Vantage Consulting Group Inc purchased a new stake in Sabre in the 2nd quarter worth approximately $64,000. Captrust Financial Advisors grew its stake in Sabre by 53.0% in the 1st quarter. Captrust Financial Advisors now owns 11,315 shares of the information technology services provider’s stock worth $129,000 after acquiring an additional 3,921 shares during the period. Nisa Investment Advisors LLC grew its stake in Sabre by 95.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,030 shares of the information technology services provider’s stock worth $73,000 after acquiring an additional 6,380 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in Sabre in the 3rd quarter worth approximately $89,000.

Analysts Set New Price Targets

SABR has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Sabre in a research note on Wednesday, March 8th. They issued an “underperform” rating and a $4.00 target price for the company. Bank of America lowered shares of Sabre from a “buy” rating to an “underperform” rating and decreased their price target for the company from $11.00 to $7.00 in a report on Wednesday, January 11th. StockNews.com started coverage on shares of Sabre in a report on Thursday. They issued a “hold” rating on the stock. Finally, Morgan Stanley decreased their price target on shares of Sabre from $7.00 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.88.

Sabre Stock Down 3.5 %

Shares of SABR opened at $3.88 on Friday. The firm has a market cap of $1.27 billion, a PE ratio of -2.77 and a beta of 1.84. The company’s fifty day moving average is $6.02 and its two-hundred day moving average is $5.90. Sabre Co. has a fifty-two week low of $3.78 and a fifty-two week high of $11.77.

Sabre (NASDAQ:SABR – Get Rating) last posted its earnings results on Wednesday, February 15th. The information technology services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The company had revenue of $631.18 million for the quarter, compared to analyst estimates of $673.88 million. As a group, equities research analysts anticipate that Sabre Co. will post -0.9 earnings per share for the current year.

Sabre Company Profile

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Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.