Sabre Co. (NASDAQ:SABR) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Sabre Co. (NASDAQ:SABR) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,242,931 shares of the information technology services provider’s stock after acquiring an additional 138,864 shares during the period. Dimensional Fund Advisors LP owned about 0.59% of Sabre worth $5,989,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC purchased a new position in Sabre in the 2nd quarter valued at approximately $26,000. First Trust Direct Indexing L.P. purchased a new position in shares of Sabre in the first quarter valued at $28,000. Triangle Securities Wealth Management acquired a new position in shares of Sabre during the 2nd quarter worth $29,000. Sage Rhino Capital LLC purchased a new stake in shares of Sabre in the 2nd quarter worth about $38,000. Finally, nVerses Capital LLC acquired a new stake in Sabre in the 2nd quarter valued at about $58,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Sabre Stock Up 1.2 %

SABR opened at $3.40 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of -2.34 and a beta of 1.73. The business’s fifty day simple moving average is $3.14 and its 200 day simple moving average is $2.95. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $767.20 million for the quarter, compared to analysts’ expectations of $752.54 million. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. As a group, equities analysts expect that Sabre Co. will post -0.29 EPS for the current fiscal year.

Insider Activity at Sabre

In other Sabre news, EVP Roshan Mendis purchased 19,230 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought 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 of the company’s stock, valued at $2,393,055.28. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.32% of the company’s stock.

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.