UniSuper Management Pty Ltd Makes New Investment in Sabre Co. (NASDAQ:SABR)

UniSuper Management Pty Ltd purchased a new stake in shares of Sabre Co. (NASDAQ:SABR) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 324,037 shares of the information technology services provider’s stock, valued at approximately $784,000. UniSuper Management Pty Ltd owned approximately 0.08% of Sabre at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sabre by 10.1% during the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock valued at $179,201,000 after acquiring an additional 3,665,465 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Sabre by 12.6% during the 4th quarter. State of Alaska Department of Revenue now owns 233,456 shares of the information technology services provider’s stock valued at $1,027,000 after purchasing an additional 26,104 shares during the last quarter. Quent Capital LLC increased its holdings in Sabre by 13.1% during the fourth quarter. Quent Capital LLC now owns 86,600 shares of the information technology services provider’s stock worth $381,000 after buying an additional 10,000 shares during the last quarter. Oxinas Partners Wealth Management LLC raised its position in Sabre by 150.4% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 137,320 shares of the information technology services provider’s stock worth $604,000 after acquiring an additional 82,490 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Sabre by 340.0% in the fourth quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 8,381 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Insider Transactions at Sabre

In other news, EVP Ann J. Bruder acquired 20,000 shares of Sabre stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $2.63 per share, with a total value of $52,600.00. Following the completion of the purchase, the executive vice president now owns 262,517 shares in the company, valued at $690,419.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sabre news, EVP Ann J. Bruder bought 20,000 shares of Sabre stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the executive vice president now directly owns 262,517 shares in the company, valued at $690,419.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael O. Randolfi purchased 50,000 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at $1,751,241.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 135,000 shares of company stock valued at $368,650. 1.32% of the stock is currently owned by corporate insiders.

Sabre Stock Performance

SABR stock traded up $0.03 during midday trading on Thursday, reaching $3.18. 291,242 shares of the company’s stock traded hands, compared to its average volume of 4,810,673. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76. The company has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $3.03. The firm has a market capitalization of $1.21 billion, a PE ratio of -2.17 and a beta of 1.72.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, May 2nd. 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 $782.89 million for the quarter, compared to the consensus estimate of $751.02 million. As a group, analysts predict that Sabre Co. will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SABR shares. Bank of America lowered their price target on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.13.

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.