Sabre Corporation $SABR Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Sabre Corporation (NASDAQ:SABR) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,818 shares of the information technology services provider’s stock after selling 6,370 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sabre were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Sabre by 2.3% during the first quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider’s stock valued at $117,445,000 after purchasing an additional 936,578 shares in the last quarter. Erste Asset Management GmbH raised its position in shares of Sabre by 10.1% during the 1st quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider’s stock worth $30,436,000 after buying an additional 1,000,000 shares in the last quarter. U S Global Investors Inc. raised its position in shares of Sabre by 23.3% during the 2nd quarter. U S Global Investors Inc. now owns 5,646,761 shares of the information technology services provider’s stock worth $17,844,000 after buying an additional 1,067,750 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Sabre during the 2nd quarter worth about $15,644,000. Finally, Empyrean Capital Partners LP raised its holdings in Sabre by 40.0% during the first quarter. Empyrean Capital Partners LP now owns 3,500,000 shares of the information technology services provider’s stock worth $9,835,000 after purchasing an additional 1,000,000 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Sabre Price Performance

Shares of Sabre stock opened at $1.91 on Friday. The stock’s fifty day moving average is $1.84 and its 200-day moving average is $2.38. The firm has a market capitalization of $753.51 million, a PE ratio of -2.10 and a beta of 1.52. Sabre Corporation has a 12-month low of $1.69 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million during the quarter, compared to the consensus estimate of $718.16 million. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts expect that Sabre Corporation will post 0.04 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SABR. Rothschild & Co Redburn cut Sabre from a “buy” rating to a “neutral” rating and set a $2.40 target price on the stock. in a report on Friday, August 15th. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Redburn Atlantic downgraded Sabre from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sabre in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein upgraded shares of Sabre from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Sabre has a consensus rating of “Hold” and an average price target of $3.80.

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.