State of Alaska Department of Revenue Has $807,000 Stake in Sabre Co. (NASDAQ:SABR)

State of Alaska Department of Revenue trimmed its holdings in Sabre Co. (NASDAQ:SABR) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 220,099 shares of the information technology services provider’s stock after selling 4,140 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sabre worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Sabre by 1.6% in the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after acquiring an additional 678,588 shares during the period. Earnest Partners LLC boosted its position in shares of Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after buying an additional 12,838,230 shares during the period. Discerene Group LP boosted its position in shares of Sabre by 19.0% during the first quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock worth $46,541,000 after buying an additional 3,064,588 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after buying an additional 150,989 shares during the period. Finally, Creative Planning boosted 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 buying an additional 264,026 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Performance

SABR opened at $3.32 on Wednesday. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.68. The firm has a market capitalization of $1.28 billion, a PE ratio of -4.20 and a beta of 1.74. The business’s 50-day simple moving average is $3.36 and its 200 day simple moving average is $3.10.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the previous year, the company posted ($0.10) EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Sabre Co. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.