Versor Investments LP Takes Position in Sabre Co. (NASDAQ:SABR)

Versor Investments LP purchased a new stake in Sabre Co. (NASDAQ:SABR) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 78,100 shares of the information technology services provider’s stock, valued at approximately $287,000.

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Sabre by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 3,270 shares in the last quarter. Xponance Inc. raised its holdings in shares of Sabre by 15.5% in the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Sabre by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Sabre by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock valued at $164,000 after purchasing an additional 4,580 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Sabre by 5.6% in the 1st quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 5,225 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Up 1.6 %

NASDAQ SABR opened at $3.77 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of -4.77 and a beta of 1.74. The company has a 50 day moving average price of $3.47 and a 200 day moving average price of $3.14. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data 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 firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) EPS. On average, equities research analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday.

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.