Bouvel Investment Partners LLC Boosts Stake in Sabre Co. (NASDAQ:SABR)

Bouvel Investment Partners LLC boosted its position in Sabre Co. (NASDAQ:SABR) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,226 shares of the information technology services provider’s stock after acquiring an additional 7,632 shares during the quarter. Bouvel Investment Partners LLC owned 0.07% of Sabre worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SABR. PNC Financial Services Group Inc. lifted its position in Sabre by 114.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,464 shares of the information technology services provider’s stock worth $119,000 after buying an additional 14,120 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Sabre during the 3rd quarter worth approximately $117,000. Envestnet Asset Management Inc. raised its holdings in Sabre by 123.2% during the 3rd 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 buying an additional 610,610 shares during the last quarter. FMR LLC grew its position in shares of Sabre by 10,280.8% in the 3rd quarter. FMR LLC now owns 642,571 shares of the information technology services provider’s stock worth $2,885,000 after buying an additional 636,381 shares during the last quarter. Finally, Algert Global LLC bought a new position in Sabre in the 3rd quarter worth $851,000. Institutional investors own 89.42% of the company’s stock.

Insider Activity

In other news, CFO Michael O. Randolfi acquired 50,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the transaction, the chief financial officer now directly owns 587,665 shares of the company’s stock, valued at approximately $1,751,241.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Karl Mr. Peterson sold 10,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00. Following the transaction, the director now directly owns 134,655 shares in the company, valued at $375,687.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael O. Randolfi acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the acquisition, the chief financial officer now owns 587,665 shares of the company’s stock, valued at $1,751,241.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 135,000 shares of company stock valued at $368,650. 1.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SABR. 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 research report on Monday, April 15th. Mizuho decreased their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.13.

Sabre Stock Performance

Shares of NASDAQ SABR traded down $0.06 during midday trading on Friday, hitting $2.62. 144,281 shares of the company’s stock traded hands, compared to its average volume of 4,912,155. The firm has a fifty day moving average of $2.86 and a 200 day moving average of $3.22. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -1.85 and a beta of 1.75. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $5.76.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $782.89 million for the quarter, compared to analysts’ expectations of $751.02 million. On average, equities analysts anticipate that Sabre Co. will post -0.28 earnings per share for the current year.

Sabre Profile

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.