Everence Capital Management Inc. Decreases Holdings in Sabre Co. (NASDAQ:SABR)

Everence Capital Management Inc. trimmed its holdings in shares of Sabre Co. (NASDAQ:SABR) by 46.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,890 shares of the information technology services provider’s stock after selling 55,000 shares during the period. Everence Capital Management Inc.’s holdings in Sabre were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC lifted its holdings in Sabre by 25.0% during the 3rd quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider’s stock worth $99,000 after buying an additional 5,400 shares during the last quarter. 626 Financial LLC purchased a new stake in Sabre during the 3rd quarter worth about $44,000. Creative Planning increased its position in shares of Sabre by 9.7% during the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock worth $10,960,000 after purchasing an additional 264,026 shares in the last quarter. CWM LLC increased its position in shares of Sabre by 1,737.9% during the third quarter. CWM LLC now owns 81,990 shares of the information technology services provider’s stock worth $301,000 after purchasing an additional 77,529 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Sabre by 260.9% during the third quarter. SG Americas Securities LLC now owns 192,358 shares of the information technology services provider’s stock worth $706,000 after purchasing an additional 139,053 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Performance

SABR opened at $3.67 on Wednesday. The business’s 50-day simple moving average is $3.23 and its 200-day simple moving average is $3.03. Sabre Co. has a one year low of $1.81 and a one year high of $4.68. The stock has a market capitalization of $1.42 billion, a P/E ratio of -2.96 and a beta of 1.73.

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

Insiders Place Their Bets

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

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.