MML Investors Services LLC Acquires Shares of 12,147 Sabre Co. (NASDAQ:SABR)

MML Investors Services LLC acquired a new position in shares of Sabre Co. (NASDAQ:SABR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 made changes to their positions in the company. Earnest Partners LLC lifted its stake in Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Sabre in the 3rd quarter valued at approximately $36,185,000. Beaconlight Capital LLC raised its stake in shares of Sabre by 32.2% during the third quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after acquiring an additional 962,665 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Sabre by 51.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after purchasing an additional 570,197 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Sabre by 37.0% during the second quarter. Rhumbline Advisers now owns 1,484,339 shares of the information technology services provider’s stock worth $3,963,000 after purchasing an additional 400,980 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Price Performance

Shares of SABR opened at $3.67 on Friday. The stock has a 50-day moving average of $3.73 and a 200-day moving average of $3.31. The company has a market cap of $1.42 billion, a PE ratio of -4.65 and a beta of 1.80. Sabre Co. has a one year low of $1.81 and a one year high of $4.63.

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 analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Analysts expect that Sabre Co. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

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.