MML Investors Services LLC Takes Position in Sabre Co. (NASDAQ:SABR)

MML Investors Services LLC acquired a new stake in shares of Sabre Co. (NASDAQ:SABR) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 12,147 shares of the information technology services provider’s stock, valued at approximately $45,000.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 3,116 shares during the last quarter. Victory Capital Management Inc. increased its position in Sabre by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 3,270 shares during the period. Xponance Inc. raised its stake in Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock worth $74,000 after buying an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Sabre by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Sabre by 12.9% during the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after acquiring an additional 5,323 shares during the period. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 1.6 %

Shares of SABR opened at $3.67 on Friday. Sabre Co. has a 1-year low of $1.81 and a 1-year high of $4.63. The firm has a fifty day simple moving average of $3.73 and a two-hundred day simple moving average of $3.31. The firm has a market cap of $1.42 billion, a PE ratio of -4.65 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SABR shares. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Sabre has a consensus rating of “Hold” and a consensus price target of $3.50.

About Sabre

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.