Sabre Co. (NASDAQ:SABR) Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC reduced its position in shares of Sabre Co. (NASDAQ:SABR) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,547,402 shares of the information technology services provider’s stock after selling 114,577 shares during the period. Causeway Capital Management LLC owned 1.07% of Sabre worth $15,218,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Commerce Bank boosted its position in shares of Sabre by 6.5% in the first quarter. Commerce Bank now owns 94,662 shares of the information technology services provider’s stock worth $406,000 after acquiring an additional 5,758 shares during the last quarter. Covenant Partners LLC acquired a new stake in shares of Sabre in the first quarter worth approximately $105,000. Caprock Group LLC acquired a new stake in shares of Sabre in the first quarter worth approximately $43,000. SG Americas Securities LLC lifted its position in Sabre by 342.0% during the first quarter. SG Americas Securities LLC now owns 306,000 shares of the information technology services provider’s stock valued at $1,313,000 after buying an additional 236,765 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC grew its stake in Sabre by 159.9% during the first quarter. Oxinas Partners Wealth Management LLC now owns 373,830 shares of the information technology services provider’s stock worth $1,604,000 after buying an additional 229,990 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sabre news, insider Sean E. Menke sold 100,000 shares of Sabre stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $5.01, for a total transaction of $501,000.00. Following the sale, the insider now directly owns 1,867,340 shares in the company, valued at approximately $9,355,373.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ann J. Bruder purchased 25,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $5.33 per share, for a total transaction of $133,250.00. Following the acquisition, the executive vice president now owns 242,517 shares of the company’s stock, valued at $1,292,615.61. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Sean E. Menke sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $5.01, for a total value of $501,000.00. Following the completion of the sale, the insider now owns 1,867,340 shares of the company’s stock, valued at $9,355,373.40. The disclosure for this sale can be found here. In the last three months, insiders have acquired 175,000 shares of company stock worth $936,250 and have sold 300,000 shares worth $1,570,000. 1.32% of the stock is owned by company insiders.

Sabre Price Performance

Sabre stock traded down $0.17 during midday trading on Friday, hitting $5.03. 6,044,995 shares of the company were exchanged, compared to its average volume of 5,526,408. The company’s fifty day moving average price is $4.52 and its 200-day moving average price is $4.10. The company has a market cap of $1.67 billion, a PE ratio of -3.07 and a beta of 1.78. Sabre Co. has a fifty-two week low of $2.99 and a fifty-two week high of $7.92.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. The business had revenue of $737.53 million for the quarter, compared to analysts’ expectations of $704.50 million. On average, analysts expect that Sabre Co. will post -0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

SABR has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a report on Monday, May 15th. StockNews.com assumed coverage on Sabre in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley reissued an “equal weight” rating and set a $5.50 price target on shares of Sabre in a research report on Friday, August 4th. Finally, Mizuho boosted their price target on Sabre from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.75.

Sabre Company Profile

Sabre Corporation, through its subsidiaries, provides software and technology solutions for the travel industry worldwide. It operates in 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.