Caprock Group LLC Makes New Investment in Sabre Co. (NASDAQ:SABR)

Caprock Group LLC bought a new stake in Sabre Co. (NASDAQ:SABR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,373 shares of the information technology services provider’s stock, valued at approximately $65,000.

Several other hedge funds have also modified their holdings of SABR. Victory Capital Management Inc. lifted its holdings in Sabre by 13.8% in the 4th quarter. Victory Capital Management Inc. now owns 74,981 shares of the information technology services provider’s stock worth $330,000 after buying an additional 9,107 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Sabre by 6.4% in the fourth quarter. Amalgamated Bank now owns 141,594 shares of the information technology services provider’s stock worth $623,000 after acquiring an additional 8,460 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sabre by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,115,032 shares of the information technology services provider’s stock valued at $22,506,000 after purchasing an additional 50,597 shares during the last quarter. Jump Financial LLC increased its holdings in Sabre by 1,068.2% during the 4th quarter. Jump Financial LLC now owns 174,373 shares of the information technology services provider’s stock worth $767,000 after purchasing an additional 159,446 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Sabre by 10.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,970,953 shares of the information technology services provider’s stock worth $8,672,000 after purchasing an additional 184,579 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sabre

In other news, EVP Roshan Mendis bought 19,230 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was 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 in the company, valued at $2,393,055.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

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

Sabre Stock Up 6.3 %

SABR stock opened at $3.22 on Friday. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.85. The stock’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.80. The company has a market capitalization of $1.23 billion, a PE ratio of -2.22 and a beta of 1.72.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $767.20 million during the quarter, compared to analyst estimates of $752.54 million. Sabre’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) EPS. As a group, sell-side analysts anticipate that Sabre Co. will post -0.29 EPS for the current year.

About Sabre

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.