Mutual of America Capital Management LLC Decreases Stock Holdings in Sabre Co. (NASDAQ:SABR)

Mutual of America Capital Management LLC decreased its stake in shares of Sabre Co. (NASDAQ:SABR) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,010 shares of the information technology services provider’s stock after selling 4,766 shares during the period. Mutual of America Capital Management LLC’s holdings in Sabre were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre during the 2nd quarter valued at about $26,000. Triangle Securities Wealth Management bought a new position in Sabre in the second quarter worth approximately $29,000. Wellington Wealth Strategies LLC. purchased a new position in shares of Sabre during the 2nd quarter worth $32,000. International Assets Investment Management LLC grew its position in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Sabre in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sabre Stock Performance

SABR opened at $3.91 on Friday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -4.95 and a beta of 1.74. The firm’s fifty day moving average is $3.59 and its 200 day moving average is $3.21. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $4.68.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $774.53 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Sabre’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Sabre Co. will post -0.3 earnings per share for the current 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.