Cwm LLC Lowers Stake in Sabre Corporation (NASDAQ:SABR)

Cwm LLC reduced its position in Sabre Corporation (NASDAQ:SABR) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,530 shares of the information technology services provider’s stock after selling 4,481 shares during the quarter. Cwm LLC’s holdings in Sabre were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Sabre by 831.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock worth $21,388,000 after buying an additional 5,230,239 shares during the period. Norges Bank purchased a new position in shares of Sabre in the fourth quarter valued at about $5,955,000. Cooper Creek Partners Management LLC lifted its position in shares of Sabre by 139.7% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock valued at $9,629,000 after acquiring an additional 1,537,625 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sabre by 38.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock worth $13,198,000 after acquiring an additional 1,007,871 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Sabre by 35.4% during the fourth quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock worth $12,892,000 after purchasing an additional 922,693 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Trading Down 1.3%

Shares of Sabre stock opened at $3.03 on Friday. The firm has a market cap of $1.18 billion, a PE ratio of -6.89 and a beta of 1.43. The stock has a 50 day moving average of $2.95 and a 200 day moving average of $3.03. Sabre Corporation has a 12 month low of $1.93 and a 12 month high of $4.63.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $776.62 million during the quarter, compared to analyst estimates of $794.65 million. Sabre’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, equities research analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on SABR shares. Morgan Stanley lowered their price target on Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Sanford C. Bernstein restated a “market perform” rating on shares of Sabre in a research report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sabre presently has a consensus rating of “Hold” and a consensus price target of $4.28.

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.