Massachusetts Financial Services Co. MA Lowers Position in Sabre Co. (NASDAQ:SABR)

Massachusetts Financial Services Co. MA trimmed its position in shares of Sabre Co. (NASDAQ:SABR - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,014,156 shares of the information technology services provider's stock after selling 4,386,886 shares during the period. Massachusetts Financial Services Co. MA owned about 0.26% of Sabre worth $3,702,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Sabre by 173.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 6,298 shares in the last quarter. Zacks Investment Management bought a new position in shares of Sabre during the 3rd quarter valued at $41,000. MML Investors Services LLC purchased a new position in Sabre in the 3rd quarter worth $45,000. Briaud Financial Planning Inc bought a new stake in Sabre in the fourth quarter worth $51,000. Finally, Sprott Inc. purchased a new stake in Sabre during the fourth quarter valued at about $55,000. Institutional investors own 89.42% of the company's stock.

Sabre Stock Up 1.8 %

Shares of Sabre stock traded up $0.04 during trading on Friday, reaching $2.31. 8,471,824 shares of the stock were exchanged, compared to its average volume of 4,418,610. The firm has a market cap of $891.82 million, a price-to-earnings ratio of -3.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. Sabre Co. has a 1 year low of $1.93 and a 1 year high of $4.63. The stock's fifty day moving average is $3.33 and its 200 day moving average is $3.51.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Equities analysts forecast that Sabre Co. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

SABR has been the topic of several analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research note on Tuesday, April 1st. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th.

Sabre Company 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.