MetLife Investment Management LLC Sells 21,273 Shares of Sabre Co. (NASDAQ:SABR)

MetLife Investment Management LLC decreased its holdings in shares of Sabre Co. (NASDAQ:SABR) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,269 shares of the information technology services provider’s stock after selling 21,273 shares during the period. MetLife Investment Management LLC owned about 0.05% of Sabre worth $720,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SABR. Envestnet Asset Management Inc. lifted its position in shares of Sabre by 51.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after buying an additional 570,197 shares during the period. Earnest Partners LLC raised its stake in Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after acquiring an additional 12,838,230 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after acquiring an additional 134,340 shares during the period. Creative Planning lifted its holdings in shares of Sabre by 9.7% during the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock valued at $10,960,000 after acquiring an additional 264,026 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Sabre by 161.7% in the 2nd quarter. AQR Capital Management LLC now owns 345,977 shares of the information technology services provider’s stock valued at $901,000 after purchasing an additional 213,757 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SABR has been the subject of several analyst reports. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Down 2.9 %

Sabre stock opened at $3.74 on Friday. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $4.68. The stock has a 50-day simple moving average of $3.62 and a 200 day simple moving average of $3.23. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) earnings per share. As a group, sell-side analysts anticipate that Sabre Co. will post -0.3 EPS for the current year.

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.