Louisiana State Employees Retirement System Decreases Stock Holdings in Sabre Co. (NASDAQ:SABR)

Louisiana State Employees Retirement System lowered its stake in shares of Sabre Co. (NASDAQ:SABR) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,500 shares of the information technology services provider’s stock after selling 5,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Sabre were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd acquired a new position in Sabre during the first quarter worth about $784,000. ProShare Advisors LLC raised its position in Sabre by 7.2% during the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after acquiring an additional 4,580 shares during the last quarter. Tidal Investments LLC acquired a new position in Sabre during the first quarter worth about $3,463,000. Envestnet Asset Management Inc. raised its position in Sabre by 51.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after acquiring an additional 570,197 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Sabre during the first quarter worth about $342,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

NASDAQ:SABR opened at $3.22 on Tuesday. The firm has a 50 day simple moving average of $3.35 and a 200-day simple moving average of $3.09. The firm has a market cap of $1.24 billion, a PE ratio of -4.08 and a beta of 1.74. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same period last year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Sabre Co. will post -0.29 earnings per share for the current fiscal 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.