AQR Capital Management LLC Grows Position in Sabre Co. (NASDAQ:SABR)

AQR Capital Management LLC raised its holdings in shares of Sabre Co. (NASDAQ:SABR) by 161.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 345,977 shares of the information technology services provider’s stock after purchasing an additional 213,757 shares during the period. AQR Capital Management LLC owned 0.09% of Sabre worth $901,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Fifth Third Wealth Advisors LLC purchased a new position in Sabre during the second quarter valued at approximately $26,000. First Trust Direct Indexing L.P. bought a new stake in Sabre during the 1st quarter valued at $28,000. Triangle Securities Wealth Management purchased a new position in shares of Sabre in the 2nd quarter valued at $29,000. Canada Pension Plan Investment Board bought a new position in shares of Sabre in the 2nd quarter worth $34,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sabre during the 2nd quarter worth $35,000. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Up 1.8 %

NASDAQ SABR opened at $3.36 on Friday. The firm’s fifty day simple moving average is $3.14 and its two-hundred day simple moving average is $2.97. The firm has a market capitalization of $1.30 billion, a P/E ratio of -2.71 and a beta of 1.73. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.68.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, topping 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 quarter last year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Sabre Co. will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Sabre

In related news, EVP Roshan Mendis purchased 19,230 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price 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 of the company’s stock, valued at $2,393,055.28. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.