Headlands Technologies LLC Buys New Stake in Sabre Co. (NASDAQ:SABR)

Headlands Technologies LLC acquired a new position in Sabre Co. (NASDAQ:SABR) during the second quarter, HoldingsChannel reports. The institutional investor acquired 25,885 shares of the information technology services provider’s stock, valued at approximately $69,000.

Several other large investors also recently bought and sold shares of SABR. Goldman Sachs Group Inc. increased its position in Sabre by 89.6% during the fourth 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 acquiring an additional 1,761,499 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Sabre in the 1st quarter worth about $784,000. Charles Schwab Investment Management Inc. lifted its stake 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 worth $22,506,000 after purchasing an additional 50,597 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Sabre by 7.2% during the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock valued at $164,000 after buying an additional 4,580 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Sabre during the first quarter valued at approximately $3,463,000. Institutional investors own 89.42% 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 Down 2.2 %

SABR opened at $3.15 on Tuesday. The stock’s fifty day moving average is $3.09 and its two-hundred day moving average is $2.81. The company has a market capitalization of $1.21 billion, a P/E ratio of -2.17 and a beta of 1.72. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.75.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) EPS 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 the consensus estimate of $752.54 million. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.20) EPS. Equities analysts anticipate that Sabre Co. will post -0.29 earnings per share for the current year.

Insider Activity at Sabre

In other news, EVP Roshan Mendis bought 19,230 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $3.08 per share, with a total value of $59,228.40. Following the completion of the transaction, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at approximately $2,393,055.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Sabre Company 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.