Principal Financial Group Inc. Has $4.76 Million Stock Holdings in Sabre Co. (NASDAQ:SABR)

Principal Financial Group Inc. lowered its stake in Sabre Co. (NASDAQ:SABRFree Report) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,966,579 shares of the information technology services provider’s stock after selling 4,374 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of Sabre worth $4,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SABR. PNC Financial Services Group Inc. lifted its stake in Sabre by 114.4% in the third quarter. PNC Financial Services Group Inc. now owns 26,464 shares of the information technology services provider’s stock valued at $119,000 after buying an additional 14,120 shares during the period. Envestnet Asset Management Inc. increased its stake in Sabre by 123.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,106,112 shares of the information technology services provider’s stock valued at $4,966,000 after purchasing an additional 610,610 shares in the last quarter. FMR LLC boosted its position in shares of Sabre by 10,280.8% during the third quarter. FMR LLC now owns 642,571 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 636,381 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Sabre in the 3rd quarter valued at $180,000. Finally, Gotham Asset Management LLC acquired a new stake in Sabre during the 3rd quarter worth $404,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Stock Performance

NASDAQ SABR opened at $2.77 on Friday. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76. The stock’s 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.15.

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

Insider Activity at Sabre

In related news, CFO Michael O. Randolfi acquired 50,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $2.98 per share, with a total value of $149,000.00. Following the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at approximately $1,751,241.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Michael O. Randolfi acquired 50,000 shares of Sabre stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $2.98 per share, with a total value of $149,000.00. Following the completion of the transaction, the chief financial officer now directly owns 587,665 shares in the company, valued at approximately $1,751,241.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kurt Joseph Ekert bought 65,000 shares of Sabre stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $2.57 per share, with a total value of $167,050.00. Following the acquisition, the chief executive officer now directly 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 ninety days, insiders purchased 135,000 shares of company stock valued at $368,650. Insiders own 1.84% of the company’s stock.

Wall Street Analysts Forecast Growth

SABR has been the topic of several recent analyst reports. Bank of America cut their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.13.

View Our Latest Stock Report on Sabre

Sabre Company 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.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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