MetLife Investment Management LLC Has $577,000 Stock Holdings in Sabre Corporation $SABR

MetLife Investment Management LLC cut its holdings in Sabre Corporation (NASDAQ:SABR) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 205,370 shares of the information technology services provider’s stock after selling 23,473 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Sabre worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Erste Asset Management GmbH increased its stake in shares of Sabre by 10.1% in the first quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider’s stock valued at $30,436,000 after buying an additional 1,000,000 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Sabre by 6.3% in the first quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock valued at $172,000 after buying an additional 3,637 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Sabre in the first quarter valued at $343,000. Algert Global LLC increased its stake in shares of Sabre by 2.5% in the first quarter. Algert Global LLC now owns 685,762 shares of the information technology services provider’s stock valued at $1,927,000 after buying an additional 16,890 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of Sabre in the first quarter valued at $58,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Down 0.6%

Shares of SABR stock opened at $1.71 on Monday. Sabre Corporation has a 12 month low of $1.69 and a 12 month high of $4.63. The firm has a market cap of $674.61 million, a price-to-earnings ratio of -1.88 and a beta of 1.52. The stock has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.76.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $687.15 million during the quarter, compared to analysts’ expectations of $718.16 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The company’s revenue was down 1.1% on a year-over-year basis. Sell-side analysts predict that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SABR. Sanford C. Bernstein upgraded Sabre from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Morgan Stanley reiterated a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Rothschild & Co Redburn lowered Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective for the company. in a research report on Friday, August 15th. Finally, Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sabre presently has an average rating of “Hold” and a consensus price target of $3.80.

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.