17,060 Shares in Sabre Co. (NASDAQ:SABR) Bought by Full Sail Capital LLC

Full Sail Capital LLC bought a new stake in Sabre Co. (NASDAQ:SABR) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 17,060 shares of the information technology services provider’s stock, valued at approximately $46,000.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Sabre by 4.4% in the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 3,270 shares during the last quarter. Xponance Inc. raised its position in Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Sabre by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares during the last quarter. ProShare Advisors LLC raised its position in Sabre by 7.2% in the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock valued at $164,000 after purchasing an additional 4,580 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its position in Sabre by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 5,225 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Roshan Mendis purchased 19,230 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $3.08 per share, with a total value of $59,228.40. Following the completion of the purchase, the executive vice president now owns 776,966 shares in the company, valued at approximately $2,393,055.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th.

Sabre Trading Up 1.1 %

Shares of SABR stock opened at $3.72 on Friday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -2.57 and a beta of 1.72. The stock has a 50-day moving average of $3.12 and a 200-day moving average of $2.87. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.75.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to analyst estimates of $752.54 million. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. Sell-side analysts forecast that Sabre Co. will post -0.29 earnings per share for the current year.

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.