SG Americas Securities LLC Buys 139,053 Shares of Sabre Co. (NASDAQ:SABR)

SG Americas Securities LLC raised its position in Sabre Co. (NASDAQ:SABR) by 260.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 192,358 shares of the information technology services provider’s stock after buying an additional 139,053 shares during the period. SG Americas Securities LLC owned 0.05% of Sabre worth $706,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wellington Wealth Strategies LLC. purchased a new position in Sabre in the 2nd quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. grew its position in Sabre by 82.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,251 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 10,520 shares during the last quarter. Creative Planning lifted its stake in Sabre by 4.7% in the second quarter. Creative Planning now owns 2,722,321 shares of the information technology services provider’s stock worth $7,269,000 after purchasing an additional 121,719 shares during the last quarter. Full Sail Capital LLC bought a new stake in shares of Sabre in the 2nd quarter valued at about $46,000. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of Sabre by 30.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 184,084 shares of the information technology services provider’s stock valued at $492,000 after purchasing an additional 42,739 shares during the period. 89.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sabre Stock Performance

Shares of NASDAQ SABR opened at $3.36 on Monday. The company has a 50 day moving average of $3.14 and a 200 day moving average of $2.97. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68.

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

Insiders Place Their Bets

In other news, EVP Roshan Mendis purchased 19,230 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares in the company, valued at approximately $2,393,055.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.32% of the stock is currently owned by insiders.

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.