MQS Management LLC Makes New $108,000 Investment in Sabre Co. (NASDAQ:SABR)

MQS Management LLC purchased a new position in shares of Sabre Co. (NASDAQ:SABR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,364 shares of the information technology services provider’s stock, valued at approximately $108,000.

Other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd acquired a new position in Sabre during the first quarter worth approximately $784,000. ProShare Advisors LLC increased 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 buying an additional 4,580 shares during the period. Tidal Investments LLC purchased a new position in shares of Sabre in the 1st quarter valued at approximately $3,463,000. Envestnet Asset Management Inc. grew its stake in shares of Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after purchasing an additional 570,197 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Trading Up 1.6 %

Shares of SABR stock opened at $3.77 on Friday. The business’s 50 day moving average is $3.47 and its two-hundred day moving average is $3.14. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68. The company has a market capitalization of $1.45 billion, a P/E ratio of -4.77 and a beta of 1.74.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. During the same quarter last year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.