Rhumbline Advisers Sells 25,234 Shares of Sabre Co. (NASDAQ:SABR)

Rhumbline Advisers trimmed its position in shares of Sabre Co. (NASDAQ:SABR) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,279,498 shares of the information technology services provider’s stock after selling 25,234 shares during the quarter. Rhumbline Advisers owned 0.33% of Sabre worth $4,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Sabre during the fourth quarter valued at $297,000. Boston Trust Walden Corp bought a new stake in Sabre during the 4th quarter valued at $62,000. KBC Group NV raised its position in shares of Sabre by 92.3% in the 4th quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 9,734 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Sabre by 1.6% during the third 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 purchasing an additional 145,383 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SABR shares. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.25.

Sabre Stock Performance

Shares of Sabre stock opened at $4.13 on Friday. The business has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $3.48. The company has a market cap of $1.59 billion, a PE ratio of -5.74, a P/E/G ratio of 2.43 and a beta of 1.79. Sabre Co. has a one year low of $1.81 and a one year high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. On average, sell-side analysts predict that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

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.