nVerses Capital LLC Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

nVerses Capital LLC grew its position in shares of Sabre Co. (NASDAQ:SABR) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the information technology services provider’s stock after purchasing an additional 5,400 shares during the quarter. nVerses Capital LLC’s holdings in Sabre were worth $99,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. 626 Financial LLC purchased a new position in shares of Sabre during the 3rd quarter valued at approximately $44,000. Creative Planning grew its stake in Sabre by 9.7% in the 3rd quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock valued at $10,960,000 after acquiring an additional 264,026 shares during the period. CWM LLC grew its stake in Sabre by 1,737.9% in the 3rd quarter. CWM LLC now owns 81,990 shares of the information technology services provider’s stock valued at $301,000 after acquiring an additional 77,529 shares during the period. SG Americas Securities LLC grew its stake in Sabre by 260.9% in the 3rd quarter. SG Americas Securities LLC now owns 192,358 shares of the information technology services provider’s stock valued at $706,000 after acquiring an additional 139,053 shares during the period. Finally, Wellington Wealth Strategies LLC. acquired a new stake in Sabre in the 2nd quarter valued at $32,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sabre

In other Sabre news, EVP Roshan Mendis bought 19,230 shares of the stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $3.08 per share, with a total value of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares in the company, valued at $2,393,055.28. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.84% of the stock is owned by corporate insiders.

Sabre Stock Performance

Sabre stock opened at $3.66 on Monday. The company’s fifty day moving average price is $3.20 and its 200 day moving average price is $3.01. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68. The stock has a market capitalization of $1.41 billion, a P/E ratio of -2.95 and a beta of 1.73.

Sabre (NASDAQ:SABR) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $752.54 million. During the same period in the prior year, the business posted ($0.20) EPS. Sabre’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Sabre Co. will post -0.29 EPS for the current year.

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.