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

Choreo LLC acquired a new stake in Sabre Co. (NASDAQ:SABR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,008 shares of the information technology services provider’s stock, valued at approximately $67,000.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Sabre by 13.8% in the fourth quarter. Victory Capital Management Inc. now owns 74,981 shares of the information technology services provider’s stock valued at $330,000 after acquiring an additional 9,107 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 50,597 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Sabre by 10.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,970,953 shares of the information technology services provider’s stock valued at $8,672,000 after acquiring an additional 184,579 shares in the last quarter. Norges Bank acquired a new position in shares of Sabre in the fourth quarter valued at about $9,139,000. Finally, Connable Office Inc. acquired a new position in shares of Sabre in the fourth quarter valued at about $247,000. 89.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Sabre news, EVP Roshan Mendis acquired 19,230 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $3.08 per share, for a total transaction of $59,228.40. Following the acquisition, the executive vice president now directly owns 776,966 shares in the company, valued at $2,393,055.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.32% of the stock is currently owned by corporate insiders.

Sabre Trading Down 1.2 %

SABR opened at $3.22 on Friday. The company’s 50 day moving average is $3.10 and its 200-day moving average is $2.83. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.75. The company has a market cap of $1.24 billion, a P/E ratio of -2.22 and a beta of 1.72.

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, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to analyst estimates of $752.54 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts forecast 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.