Creative Planning Buys 264,026 Shares of Sabre Co. (NASDAQ:SABR)

Creative Planning raised its stake in shares of Sabre Co. (NASDAQ:SABR) by 9.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,986,347 shares of the information technology services provider’s stock after purchasing an additional 264,026 shares during the period. Creative Planning owned 0.77% of Sabre worth $10,960,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Sabre by 4.4% in the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after acquiring an additional 3,270 shares during the period. Xponance Inc. lifted its position in shares of Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock worth $74,000 after buying an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Sabre by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after buying an additional 4,300 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of 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 buying an additional 4,580 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in Sabre by 5.6% during the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 5,225 shares during the period. Institutional investors own 89.42% of the company’s stock.

Insider Transactions at Sabre

In other Sabre news, EVP Roshan Mendis purchased 19,230 shares of Sabre stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the acquisition, the executive vice president now owns 776,966 shares in the company, 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. Company insiders own 1.32% of the company’s stock.

Sabre Price Performance

Shares of SABR stock opened at $3.67 on Wednesday. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68. The stock’s 50 day simple moving average is $3.23 and its two-hundred day simple moving average is $3.03. The company has a market cap of $1.42 billion, a PE ratio of -2.96 and a beta of 1.73.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million for the quarter, compared to analysts’ expectations of $752.54 million. During the same quarter last year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts expect 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.