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

Headlands Technologies LLC bought a new position in Sabre Co. (NASDAQ:SABR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,885 shares of the information technology services provider’s stock, valued at approximately $69,000.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC bought a new position in shares of Sabre in the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management bought a new position in shares of Sabre in the 2nd quarter worth approximately $29,000. First Trust Direct Indexing L.P. bought a new position in shares of Sabre in the 1st quarter worth approximately $28,000. Sage Rhino Capital LLC bought a new position in shares of Sabre in the 2nd quarter worth approximately $38,000. Finally, RPO LLC bought a new position in shares of Sabre in the 4th quarter worth approximately $81,000. Institutional investors own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sabre Stock Down 2.2 %

SABR stock opened at $3.15 on Tuesday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.75. The firm has a market cap of $1.21 billion, a PE ratio of -2.17 and a beta of 1.72. The business has a 50 day moving average of $3.09 and a 200 day moving average of $2.81.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $752.54 million. During the same period last year, the business earned ($0.20) EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts expect that Sabre Co. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sabre

In other news, EVP Roshan Mendis purchased 19,230 shares of the company’s 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 purchase, the executive vice president now directly owns 776,966 shares in the company, valued at approximately $2,393,055.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

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.