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

Massachusetts Financial Services Co. MA lowered its holdings in Sabre Co. (NASDAQ:SABR) by 11.5% in the third quarter, Holdings Channel.com reports. The fund owned 5,401,042 shares of the information technology services provider’s stock after selling 699,847 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Sabre were worth $19,822,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SABR. Integrated Investment Consultants LLC lifted its stake in shares of Sabre by 135.7% in the third quarter. Integrated Investment Consultants LLC now owns 131,006 shares of the information technology services provider’s stock valued at $481,000 after purchasing an additional 75,436 shares during the period. Intech Investment Management LLC grew its position in Sabre by 403.5% during the third quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock worth $334,000 after buying an additional 73,018 shares during the period. Citizens Financial Group Inc. RI purchased a new position in Sabre in the third quarter valued at about $77,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sabre by 65.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock valued at $3,639,000 after acquiring an additional 390,621 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Sabre during the 3rd quarter worth approximately $108,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sabre Price Performance

Shares of Sabre stock opened at $3.76 on Tuesday. The business has a 50 day moving average price of $3.54 and a 200 day moving average price of $3.18. The company has a market capitalization of $1.45 billion, a P/E ratio of -4.72 and a beta of 1.74. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $4.68.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, research analysts expect that Sabre Co. will post -0.3 EPS for the current fiscal 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.