Diversified Trust Co Cuts Position in Sabre Co. (NASDAQ:SABR)

Diversified Trust Co reduced its position in shares of Sabre Co. (NASDAQ:SABR) by 33.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 67,361 shares of the information technology services provider’s stock after selling 33,157 shares during the period. Diversified Trust Co’s holdings in Sabre were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Sabre by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after acquiring an additional 3,270 shares in the last quarter. Xponance Inc. boosted its stake in shares of 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 period. Louisiana State Employees Retirement System grew its holdings in shares of 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 in the last quarter. ProShare Advisors LLC increased its stake in Sabre by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in Sabre by 5.6% during the 1st quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock worth $238,000 after buying an additional 5,225 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sabre Stock Performance

Shares of Sabre stock opened at $3.36 on Friday. The business has a 50-day simple moving average of $3.14 and a 200-day simple moving average of $2.97. Sabre Co. has a one year low of $1.81 and a one year high of $4.68. The company has a market cap of $1.30 billion, a PE ratio of -2.71 and a beta of 1.73.

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

Insider Activity at Sabre

In other Sabre news, EVP Roshan Mendis purchased 19,230 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $3.08 per share, with a total value of $59,228.40. Following the acquisition, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at approximately $2,393,055.28. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.32% of the stock is currently owned by corporate insiders.

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.