State Board of Administration of Florida Retirement System Boosts Stock Holdings in Sabre Co. (NASDAQ:SABR)

State Board of Administration of Florida Retirement System boosted its stake in shares of Sabre Co. (NASDAQ:SABR) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,245 shares of the information technology services provider’s stock after purchasing an additional 16,451 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Sabre were worth $5,008,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SABR. Lord Abbett & CO. LLC purchased a new position in Sabre during the first quarter worth approximately $79,116,000. Teacher Retirement System of Texas raised its stake in shares of Sabre by 15,264.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,116,717 shares of the information technology services provider’s stock valued at $63,857,000 after acquiring an additional 5,083,415 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Sabre in the 2nd quarter valued at $46,888,000. Glenview Capital Management LLC purchased a new position in shares of Sabre in the 1st quarter valued at $47,180,000. Finally, Franklin Resources Inc. purchased a new position in shares of Sabre in the 1st quarter valued at $27,636,000.

Separately, Morgan Stanley cut their target price on shares of Sabre from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 4th.

Shares of SABR stock opened at $11.47 on Thursday. The company’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $13.08. Sabre Co. has a 52 week low of $5.50 and a 52 week high of $16.88. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 148.71. The company has a market cap of $3.70 billion, a PE ratio of -3.12 and a beta of 2.22.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported ($0.52) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.07. The business had revenue of $419.70 million during the quarter, compared to analyst estimates of $396.73 million. Sabre had a negative net margin of 83.81% and a negative return on equity of 442.63%. The business’s revenue was up 405.7% on a year-over-year basis. During the same period last year, the business earned ($1.30) EPS. Equities research analysts expect that Sabre Co. will post -2.34 EPS for the current fiscal year.

Sabre Company Profile

Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The company operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel solutions for travel suppliers and travel buyers through a business-to-business travel marketplace.

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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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