Creative Planning Raises Position in Sabre Co. (NASDAQ:SABR)

Creative Planning increased its position in Sabre Co. (NASDAQ:SABR) by 9.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,986,347 shares of the information technology services provider’s stock after buying an additional 264,026 shares during the period. Creative Planning’s holdings in Sabre were worth $10,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Sabre by 1.6% in 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 buying an additional 678,588 shares during the period. Earnest Partners LLC increased its stake in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares in the last quarter. Discerene Group LP increased its stake in shares of Sabre by 19.0% in the 1st quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock valued at $46,541,000 after purchasing an additional 3,064,588 shares in the last quarter. 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 purchasing an additional 1,761,499 shares in 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 purchasing an additional 150,989 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Roshan Mendis acquired 19,230 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought 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 owns 776,966 shares in the company, valued at approximately $2,393,055.28. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.32% of the stock is owned by company insiders.

Sabre Stock Up 2.2 %

Shares of Sabre stock opened at $3.67 on Wednesday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68. The business has a 50-day moving average price of $3.23 and a 200 day moving average price of $3.03. The firm has a market cap of $1.42 billion, a PE ratio of -2.96 and a beta of 1.73.

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 the consensus estimate of ($0.08) by $0.03. The business had revenue of $767.20 million during the quarter, compared to analysts’ expectations of $752.54 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. Sabre’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Sabre Co. will post -0.29 EPS for the current year.

Sabre 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.