Evergreen Capital Management LLC Sells 5,949 Shares of Sabre Co. (NASDAQ:SABR)

Evergreen Capital Management LLC trimmed its stake in Sabre Co. (NASDAQ:SABR) by 36.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,549 shares of the information technology services provider’s stock after selling 5,949 shares during the period. Evergreen Capital Management LLC’s holdings in Sabre were worth $28,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Sabre by 1.6% in the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after buying an additional 678,588 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of 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 boosted its position in shares of Sabre by 19.0% in the first quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock valued at $46,541,000 after acquiring an additional 3,064,588 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Sabre by 89.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after acquiring an additional 1,761,499 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after acquiring an additional 150,989 shares during the period. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Performance

Shares of NASDAQ:SABR opened at $3.72 on Monday. The company’s fifty day moving average is $3.12 and its 200-day moving average is $2.89. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.75. The company has a market capitalization of $1.43 billion, a PE ratio of -2.57 and a beta of 1.72.

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

Insider Activity

In other Sabre news, EVP Roshan Mendis acquired 19,230 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired 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 of the company’s stock, valued at approximately $2,393,055.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

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

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.