Sabre Co. (NASDAQ:SABR) Stock Holdings Lessened by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC trimmed its stake in Sabre Co. (NASDAQ:SABR) by 8.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,420 shares of the information technology services provider’s stock after selling 29,100 shares during the quarter. Oxinas Partners Wealth Management LLC owned 0.08% of Sabre worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Creative Planning lifted its position in shares of Sabre by 9.7% in the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock worth $10,960,000 after purchasing an additional 264,026 shares in the last quarter. CWM LLC lifted its position in shares of Sabre by 1,737.9% in the third quarter. CWM LLC now owns 81,990 shares of the information technology services provider’s stock worth $301,000 after purchasing an additional 77,529 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Sabre by 260.9% in the third quarter. SG Americas Securities LLC now owns 192,358 shares of the information technology services provider’s stock worth $706,000 after purchasing an additional 139,053 shares in the last quarter. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre in the second quarter worth approximately $32,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Sabre by 82.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,251 shares of the information technology services provider’s stock worth $62,000 after purchasing an additional 10,520 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sabre Price Performance

NASDAQ:SABR traded up $0.04 during mid-day trading on Tuesday, reaching $3.38. The stock had a trading volume of 1,883,436 shares, compared to its average volume of 4,379,073. The business’s 50 day moving average is $3.15 and its 200 day moving average is $2.98. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $4.68. The stock has a market cap of $1.30 billion, a P/E ratio of -2.69 and a beta of 1.73.

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

Insider Buying and Selling at Sabre

In related news, EVP Roshan Mendis purchased 19,230 shares of the stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the acquisition, the executive vice president now directly owns 776,966 shares in the company, valued at approximately $2,393,055.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

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.