Vanguard Group Inc. Raises Stake in Sabre Co. (NASDAQ:SABR)

Vanguard Group Inc. grew its holdings in Sabre Co. (NASDAQ:SABR) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,643,643 shares of the information technology services provider’s stock after buying an additional 1,732,513 shares during the period. Vanguard Group Inc. owned 10.97% of Sabre worth $183,232,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Diversified Trust Co raised its stake in shares of Sabre by 6.1% during the 4th quarter. Diversified Trust Co now owns 91,682 shares of the information technology services provider’s stock worth $403,000 after buying an additional 5,292 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in shares of Sabre by 2.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 243,594 shares of the information technology services provider’s stock valued at $1,072,000 after purchasing an additional 5,440 shares during the period. Creative Planning boosted its holdings in Sabre by 0.5% during the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock worth $5,758,000 after buying an additional 6,204 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Sabre by 14.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 66,419 shares of the information technology services provider’s stock worth $292,000 after buying an additional 8,174 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Sabre by 340.0% in the fourth quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 8,381 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

Sabre stock opened at $2.70 on Thursday. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.86 and a beta of 1.72. The stock has a fifty day moving average of $2.85 and a two-hundred day moving average of $3.17.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $782.89 million for the quarter, compared to analysts’ expectations of $751.02 million. On average, analysts forecast that Sabre Co. will post -0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SABR shares. Bank of America dropped their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.13.

Insider Transactions at Sabre

In other news, EVP Ann J. Bruder bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the executive vice president now owns 262,517 shares in the company, valued at $690,419.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Karl Mr. Peterson sold 10,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00. Following the completion of the transaction, the director now owns 134,655 shares of the company’s stock, valued at approximately $375,687.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ann J. Bruder bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the executive vice president now directly owns 262,517 shares of the company’s stock, valued at approximately $690,419.71. The disclosure for this purchase can be found here. Insiders bought a total of 135,000 shares of company stock worth $368,650 over the last ninety days. 1.84% of the stock is currently owned by corporate 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.