Vanguard Personalized Indexing Management LLC Invests $35,000 in Sabre Co. (NASDAQ:SABR)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sabre Co. (NASDAQ:SABR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,085 shares of the information technology services provider’s stock, valued at approximately $35,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 buying an additional 678,588 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Sabre by 1.1% in the 1st quarter. Earnest Partners LLC now owns 20,515,682 shares of the information technology services provider’s stock worth $49,648,000 after purchasing an additional 227,204 shares during the period. Discerene Group LP increased its position 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 worth $46,541,000 after buying an additional 3,064,588 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sabre by 89.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after acquiring an additional 1,761,499 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Sabre by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after purchasing an additional 150,989 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Down 1.6 %

Shares of NASDAQ:SABR opened at $3.61 on Wednesday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -2.49 and a beta of 1.72. The business’s 50 day moving average is $3.13 and its 200 day moving average is $2.90. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.68.

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, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. During the same period in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Sabre Co. will post -0.29 earnings per share for the current year.

Insider Buying and Selling

In other Sabre news, EVP Roshan Mendis acquired 19,230 shares of Sabre stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price 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 of the company’s stock, valued at $2,393,055.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.