Algert Global LLC Sells 124,435 Shares of Sabre Co. (NASDAQ:SABR)

Algert Global LLC lessened its holdings in shares of Sabre Co. (NASDAQ:SABR) by 29.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 304,175 shares of the information technology services provider’s stock after selling 124,435 shares during the period. Algert Global LLC owned 0.08% of Sabre worth $812,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Sabre by 1.6% during the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after purchasing an additional 678,588 shares during the last quarter. Earnest Partners LLC lifted its stake 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 valued at $89,055,000 after acquiring an additional 12,838,230 shares during the period. Discerene Group LP lifted its stake 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 valued at $46,541,000 after acquiring an additional 3,064,588 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 period. Finally, Bank of New York Mellon Corp lifted its stake 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 valued at $8,876,000 after acquiring an additional 150,989 shares during the period. Institutional investors own 89.42% of the company’s stock.

Insider Buying and Selling at Sabre

In related news, EVP Roshan Mendis bought 19,230 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $3.08 per share, with a total value of $59,228.40. Following the completion of the purchase, the executive vice president now owns 776,966 shares of the company’s stock, valued at $2,393,055.28. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Sabre Trading Up 2.9 %

NASDAQ:SABR opened at $3.51 on Friday. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68. The business’s 50-day moving average price is $3.15 and its two-hundred day moving average price is $2.93. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -2.42 and a beta of 1.73.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted ($0.20) EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Sabre Co. will post -0.29 earnings per share 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.