Oppenheimer Asset Management Inc. acquires 129,304 shares of Saber Co. (NASDAQ:SABR)

Oppenheimer Asset Management Inc. increased its holdings in Saber Co. (NASDAQ:SABR – Free Report) by 39.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,962 shares of the information technology services provider’s stock after acquiring an additional 129,304 shares during the period. The holdings of Oppenheimer Asset Management Inc. holdings in Saber were worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Saber by 4.4% in the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after buying an additional 3,270 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Saber by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after acquiring an additional 4,300 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Saber by 7.2% in the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after acquiring an additional 4,580 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Saber by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock valued at $238,000 after acquiring an additional 5,225 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Saber by 7.1% in the second quarter. Diversified Trust Co now owns 100,518 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 6,645 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com raised shares of Saber from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th.

Get the latest report on SABR

Insiders place their bets

In related news, EVP Roshan Mendis acquired 19,230 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $3.08 per share, with a total value of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at $2,393,055.28. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. 1.32% of shares are currently owned by insiders.

Saber Price Performance

Shares of SABR opened at $3.26 on Friday. The firm has a fifty day moving average price of $3.10 and a 200 day moving average price of $2.82. Saber Co. it has a fifty-two week low of $1.81 and a fifty-two week high of $4.75.

Saber (NASDAQ:SABR – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $767.20 million during the quarter, compared to analysts’ expectations of $752.54 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 4.0% year over year. As a group, research analysts estimate that Saber Co. will post -0.29 earnings per share for the current year.

About Sabre

(Free report)

Saber Corporation, together with its subsidiaries, operates as a software and technology company for the 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 provides travel content such as inventory, pricing and availability from a wide range of travel suppliers, including airlines, hotels, car rental brands, rail carriers , cruise lines and tours. operators with a network of travel buyers comprising online and offline travel agencies, travel management companies and corporate travel departments.

Recommended articles

Want to see what other hedge funds hold SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Saber Co. (NASDAQ:SABR – Free Report).

Get news and reviews for Saber Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Saber and related companies with MarketBeat.com’s FREE daily email newsletter.