Rhumbline Advisers Raises Stock Position in Sabre Co. (NASDAQ:SABR)

Rhumbline Advisers raised its stake in shares of Sabre Co. (NASDAQ:SABR) by 37.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,484,339 shares of the information technology services provider’s stock after acquiring an additional 400,980 shares during the period. Rhumbline Advisers owned approximately 0.39% of Sabre worth $3,963,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System increased its position in shares of Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after acquiring an additional 4,300 shares during the last quarter. ProShare Advisors LLC lifted its stake in Sabre by 7.2% in the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after acquiring an additional 4,580 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Sabre by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock worth $238,000 after acquiring an additional 5,225 shares during the last quarter. Diversified Trust Co lifted its stake in Sabre by 7.1% in the second quarter. Diversified Trust Co now owns 100,518 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 6,645 shares during the last quarter. Finally, Bouvel Investment Partners LLC lifted its stake in Sabre by 3.1% in the first quarter. Bouvel Investment Partners LLC now owns 251,226 shares of the information technology services provider’s stock worth $608,000 after acquiring an additional 7,632 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Sabre

In other Sabre news, EVP Roshan Mendis acquired 19,230 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $3.08 per share, with a total value of $59,228.40. Following the purchase, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.32% of the stock is owned by corporate insiders.

Sabre Stock Performance

Shares of SABR opened at $3.15 on Tuesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -2.17 and a beta of 1.72. The company’s fifty day moving average is $3.09 and its two-hundred day moving average is $2.81. Sabre Co. has a 1 year low of $1.81 and a 1 year 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million for the quarter, compared to analyst estimates of $752.54 million. During the same period last year, the company earned ($0.20) earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Sabre Co. will post -0.29 EPS for the current year.

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.