Sabre Co. (NASDAQ:SABR) Stock Holdings Trimmed by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,401,042 shares of the information technology services provider's stock after selling 699,847 shares during the period. Massachusetts Financial Services Co. MA owned about 1.40% of Sabre worth $19,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC bought a new position in Sabre during the 2nd quarter valued at $26,000. Triangle Securities Wealth Management bought a new position in shares of Sabre during the second quarter worth about $29,000. Wellington Wealth Strategies LLC. bought a new position in shares of Sabre during the second quarter worth about $32,000. International Assets Investment Management LLC grew its stake in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 6,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Sabre in the second quarter valued at about $34,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on SABR shares. StockNews.com lowered Sabre from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sabre currently has an average rating of "Hold" and an average price target of $3.50.

Sabre Stock Performance

Shares of Sabre stock traded up $0.01 on Tuesday, reaching $3.77. 3,092,860 shares of the company were exchanged, compared to its average volume of 4,376,212. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -4.76 and a beta of 1.74. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.68. The company's 50-day moving average is $3.55 and its two-hundred day moving average is $3.19.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. As a group, sell-side analysts forecast that Sabre Co. will post -0.3 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.