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

Massachusetts Financial Services Co. MA trimmed its position in Sabre Co. (NASDAQ:SABR) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,100,889 shares of the information technology services provider’s stock after selling 453,431 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Sabre were worth $16,289,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Sabre by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after buying an additional 678,588 shares during the period. Earnest Partners LLC grew its holdings in Sabre by 1.1% in the first quarter. Earnest Partners LLC now owns 20,515,682 shares of the information technology services provider’s stock worth $49,648,000 after purchasing an additional 227,204 shares during the period. Discerene Group LP lifted its holdings in shares of Sabre by 19.0% during the first quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock valued at $46,541,000 after purchasing an additional 3,064,588 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sabre by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,115,032 shares of the information technology services provider’s stock valued at $22,506,000 after purchasing an additional 50,597 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sabre by 89.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after buying an additional 1,761,499 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th.

Insider Transactions at Sabre

In related news, EVP Roshan Mendis bought 19,230 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the acquisition, the executive vice president now owns 776,966 shares of the company’s stock, valued at approximately $2,393,055.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.32% of the company’s stock.

Sabre Stock Performance

Shares of Sabre stock opened at $3.22 on Friday. The company has a 50-day simple moving average of $3.10 and a two-hundred day simple moving average of $2.83. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $4.75. The stock has a market capitalization of $1.24 billion, a PE ratio of -2.22 and a beta of 1.72.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. Sabre’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Sabre Co. will post -0.29 EPS for the current fiscal year.

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.