Intech Investment Management LLC Takes Position in Sabre Co. (NASDAQ:SABR)

Intech Investment Management LLC purchased a new position in shares of Sabre Co. (NASDAQ:SABR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,098 shares of the information technology services provider’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Sabre by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after acquiring an additional 678,588 shares during the last quarter. Earnest Partners LLC boosted its holdings in Sabre by 1.1% during the first quarter. Earnest Partners LLC now owns 20,515,682 shares of the information technology services provider’s stock worth $49,648,000 after buying an additional 227,204 shares during the last quarter. Discerene Group LP grew its position in shares of Sabre by 19.0% during the 1st quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock worth $46,541,000 after buying an additional 3,064,588 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Sabre by 89.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock valued at $16,400,000 after acquiring an additional 1,761,499 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Sabre by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock valued at $8,876,000 after acquiring an additional 150,989 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th.

Insider Buying and Selling

In other news, EVP Roshan Mendis purchased 19,230 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the acquisition, the executive vice president now directly owns 776,966 shares in the company, valued at approximately $2,393,055.28. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.32% of the company’s stock.

Sabre Price Performance

NASDAQ SABR opened at $3.72 on Monday. Sabre Co. has a one year low of $1.81 and a one year high of $4.75. The firm has a market cap of $1.43 billion, a P/E ratio of -2.57 and a beta of 1.72. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $2.89.

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