Aigen Investment Management LP Decreases Stock Position in Sabre Co. (NASDAQ:SABR)

Aigen Investment Management LP cut its holdings in Sabre Co. (NASDAQ:SABR) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,976 shares of the information technology services provider’s stock after selling 16,302 shares during the quarter. Aigen Investment Management LP’s holdings in Sabre were worth $172,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in shares of Sabre by 4.4% during the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after buying an additional 3,270 shares during the last quarter. Xponance Inc. grew its stake in shares of Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 3,689 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Sabre by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after acquiring an additional 4,300 shares during the period. ProShare Advisors LLC lifted 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 valued at $164,000 after purchasing an additional 4,580 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Sabre by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock worth $238,000 after purchasing an additional 5,225 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Stock Up 1.6 %

Shares of NASDAQ:SABR opened at $3.77 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of -4.77 and a beta of 1.74. The firm’s 50 day moving average price is $3.47 and its 200-day moving average price is $3.14. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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.