Sabre Co. (NASDAQ:SABR) Stock Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Sabre Co. (NASDAQ:SABR) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,981 shares of the information technology services provider’s stock after purchasing an additional 9,107 shares during the quarter. Victory Capital Management Inc.’s holdings in Sabre were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC bought a new stake in shares of Sabre during the third quarter valued at approximately $45,000. Sage Rhino Capital LLC bought a new stake in Sabre during the 4th quarter valued at $45,000. International Assets Investment Management LLC boosted its position in Sabre by 340.0% during the 4th quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 8,381 shares during the period. Fox Run Management L.L.C. acquired a new position in Sabre during the 3rd quarter worth $61,000. Finally, Insigneo Advisory Services LLC grew its stake in shares of Sabre by 43.3% in the third quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 4,457 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Trading Up 3.4 %

Shares of NASDAQ SABR opened at $3.08 on Friday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $5.76. The firm has a 50-day moving average of $2.68 and a two-hundred day moving average of $3.35. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.12 and a beta of 1.69.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $782.89 million during the quarter, compared to the consensus estimate of $751.02 million. As a group, research analysts predict that Sabre Co. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

SABR has been the topic of a number of recent analyst reports. Mizuho cut their price objective on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Cantor Fitzgerald started coverage on shares of Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price target for the company. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Bank of America dropped their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.13.

Insider Buying and Selling

In related news, CFO Michael O. Randolfi acquired 50,000 shares of Sabre stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $2.98 per share, with a total value of $149,000.00. Following the purchase, the chief financial officer now directly owns 587,665 shares in the company, valued at approximately $1,751,241.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Michael O. Randolfi bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were 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 directly owns 587,665 shares of the company’s stock, valued at approximately $1,751,241.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann J. Bruder bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the acquisition, the executive vice president now directly owns 262,517 shares in the company, valued at $690,419.71. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 135,000 shares of company stock worth $368,650. Corporate 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.