Covenant Partners LLC Invests $107,000 in Sabre Co. (NASDAQ:SABR)

Covenant Partners LLC acquired a new stake in shares of Sabre Co. (NASDAQ:SABRFree Report) in the fourth quarter, Holdings Channel reports. The firm acquired 24,217 shares of the information technology services provider’s stock, valued at approximately $107,000.

A number of other institutional investors have also modified their holdings of SABR. Victory Capital Management Inc. increased its stake in shares of Sabre by 25.9% during the third quarter. Victory Capital Management Inc. now owns 65,874 shares of the information technology services provider’s stock valued at $296,000 after buying an additional 13,566 shares during the period. Jump Financial LLC purchased a new position in Sabre during the 3rd quarter valued at about $67,000. Barclays PLC raised its holdings in shares of Sabre by 5.0% in the 3rd quarter. Barclays PLC now owns 296,488 shares of the information technology services provider’s stock valued at $1,331,000 after purchasing an additional 14,178 shares in the last quarter. Swiss National Bank lifted its position in shares of Sabre by 2.0% in the 3rd quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock worth $2,949,000 after purchasing an additional 13,000 shares during the period. Finally, Pathstone Family Office LLC purchased a new stake in shares of Sabre in the 3rd quarter worth approximately $100,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Report on Sabre

Insider Transactions at Sabre

In related news, EVP Ann J. Bruder bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $2.63 per share, with a total value of $52,600.00. Following the transaction, the executive vice president now owns 262,517 shares in the company, valued at $690,419.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Ann J. Bruder bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $2.63 per share, with a total value of $52,600.00. Following the transaction, the executive vice president now directly owns 262,517 shares in the company, valued at $690,419.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kurt Joseph Ekert purchased 65,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $2.57 per share, with a total value of $167,050.00. Following the transaction, the chief executive officer now owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 135,000 shares of company stock worth $368,650. Insiders own 1.32% of the company’s stock.

Sabre Price Performance

NASDAQ SABR traded down $0.11 on Friday, hitting $2.60. The stock had a trading volume of 4,761,953 shares, compared to its average volume of 5,060,738. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $5.76. The business’s fifty day moving average price is $2.85 and its 200 day moving average price is $3.29. The stock has a market cap of $993.02 million, a price-to-earnings ratio of -1.76 and a beta of 1.75.

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

Sabre Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Co. (NASDAQ:SABRFree Report).

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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