Massachusetts Financial Services Co. MA Increases Stake in Sabre Co. (NASDAQ:SABR)

Massachusetts Financial Services Co. MA raised its holdings in Sabre Co. (NASDAQ:SABR - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,546,160 shares of the information technology services provider's stock after buying an additional 250,796 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.46% of Sabre worth $24,403,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC acquired a new position in shares of Sabre in the 4th quarter valued at $3,586,000. Principal Financial Group Inc. raised its stake in shares of Sabre by 10.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,970,953 shares of the information technology services provider's stock worth $8,672,000 after purchasing an additional 184,579 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Sabre by 1,068.2% during the fourth quarter. Jump Financial LLC now owns 174,373 shares of the information technology services provider's stock worth $767,000 after purchasing an additional 159,446 shares during the period. Versor Investments LP purchased a new stake in Sabre in the fourth quarter valued at approximately $88,000. Finally, Everpar Advisors LLC purchased a new stake in Sabre in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Trading Down 1.3 %

SABR stock traded down $0.04 during midday trading on Friday, reaching $3.05. The stock had a trading volume of 1,954,749 shares, compared to its average volume of 5,393,906. Sabre Co. has a 52-week low of $1.81 and a 52-week high of $5.76. The company's fifty day simple moving average is $2.57 and its 200 day simple moving average is $3.38. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -2.10 and a beta of 1.69.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million for the quarter, compared to analysts' expectations of $707.89 million. Sell-side analysts predict that Sabre Co. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SABR. StockNews.com cut shares of Sabre from a "buy" rating to a "hold" rating in a research note on Friday, April 5th. Cantor Fitzgerald initiated coverage on Sabre in a report on Wednesday, February 21st. They set an "overweight" rating and a $5.00 target price on the stock. Mizuho lowered their price objective on Sabre from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. Finally, Bank of America cut their target price on shares of Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.13.

Insider Activity at Sabre

In related news, EVP Ann J. Bruder bought 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the acquisition, the executive vice president now directly owns 262,517 shares in the company, valued at approximately $690,419.71. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Ann J. Bruder acquired 20,000 shares of Sabre stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the executive vice president now owns 262,517 shares in the company, valued at approximately $690,419.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael O. Randolfi acquired 50,000 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the purchase, the chief financial officer now directly owns 587,665 shares of the company's stock, valued at approximately $1,751,241.70. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 135,000 shares of company stock valued at $368,650. Corporate insiders own 1.32% of the company's stock.

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.