Wellington Wealth Strategies LLC. Acquires Shares of 11,998 Sabre Co. (NASDAQ:SABR)

Wellington Wealth Strategies LLC. acquired a new stake in Sabre Co. (NASDAQ:SABR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,998 shares of the information technology services provider’s stock, valued at approximately $32,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Sabre by 89.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock valued at $16,400,000 after acquiring an additional 1,761,499 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Sabre during the first quarter worth approximately $784,000. ProShare Advisors LLC increased its stake in shares of 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 purchasing an additional 4,580 shares during the period. Tidal Investments LLC acquired a new stake in Sabre during the 1st quarter worth approximately $3,463,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Sabre in the 1st quarter valued at $342,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Up 1.1 %

NASDAQ SABR opened at $3.72 on Monday. The firm has a 50-day moving average price of $3.12 and a two-hundred day moving average price of $2.89. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.75. The company has a market capitalization of $1.43 billion, a P/E ratio of -2.57 and a beta of 1.72.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) earnings per share. Equities analysts expect that Sabre Co. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th.

Insider Buying and Selling

In other Sabre news, EVP Roshan Mendis bought 19,230 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the purchase, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at $2,393,055.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.32% of the stock is currently owned by company insiders.

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.