Oppenheimer Asset Management Inc. Acquires 129,304 Shares of Sabre Co. (NASDAQ:SABR)

Oppenheimer Asset Management Inc. increased its shares in Sabre Co. (NASDAQ:SABR – Free Report) by 39.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company owned 460,962 shares of the information technology services provider after acquiring an additional 129,304 shares during the period. Oppenheimer Asset Management Inc.’s shares of Sabre were worth $1,231,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company recently. Victory Capital Management Inc. increased its stake in 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 worth $206,000 after purchasing an additional 3,270 shares in the last quarter. Louisiana State Employees Retirement System increased its position 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 purchasing an additional 4,300 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Sabre by 7.2% in the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after acquiring an additional 4,580 shares in the last quarter. EP Wealth Advisors LLC increased its stake 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 acquiring an additional 5,225 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Sabre by 7.1% in the 2nd quarter. Diversified Trust Co now owns 100,518 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 6,645 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street analysts predict growth

Separately, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Tuesday, June 18.

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Insiders place their bets

In related news, EVP Roshan Mendis acquired 19,230 shares of the company’s stock in a transaction dated Tuesday, August 6. The shares were acquired at an average price of $3.08 per share, for a total value of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at $2,393,055.28. The transaction was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. 1.32% of the shares are currently held by insiders.

Sabre Price Performance

SABR shares opened at $3.26 on Friday. The company has a fifty-day moving average price of $3.10 and a 200-day moving average price of $2.82. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $4.75.

Sabre (NASDAQ:SABR – Get Free Report) last released its quarterly earnings results on Thursday, August 01. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to analysts’ expectations of $752.54 million. During the same period in the prior year, the company earned ($0.20) EPS. The company’s quarterly revenue increased 4.0% year over year. As a group, research analysts predict that Sabre Co. will post -0.29 EPS for the current year.

About Sabre

(Free Report)

Sabre Corporation, together with its subsidiaries, operates as a software and technology company serving the 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, pricing and availability from a range of travel suppliers, including airlines, hotels, car rental brands, railways, cruise lines and tour operators with a travel buyer network consisting of online and offline travel agencies, travel management companies and corporate travel divisions.

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