Sabre Co. (NASDAQ:SABR) Stock Position Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in shares of Sabre Co. (NASDAQ:SABR) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,419 shares of the information technology services provider’s stock after purchasing an additional 8,174 shares during the period. Mutual of America Capital Management LLC’s holdings in Sabre were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SABR. Creative Planning increased its holdings in shares of Sabre by 0.5% during the 3rd quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock valued at $5,758,000 after acquiring an additional 6,204 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Sabre during the 3rd quarter valued at about $404,000. Epoch Investment Partners Inc. acquired a new position in shares of Sabre during the 3rd quarter valued at about $1,173,000. Swiss National Bank increased its holdings in shares of Sabre by 2.0% during the 3rd quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock valued at $2,949,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Sabre by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock valued at $179,201,000 after acquiring an additional 3,665,465 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Cantor Fitzgerald assumed coverage on Sabre in a report on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 target price on the stock. Mizuho dropped their price target on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Finally, Bank of America dropped their price target on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.00.

Sabre Stock Up 3.8 %

Shares of NASDAQ SABR opened at $2.76 on Wednesday. The business’s 50 day moving average is $2.52 and its two-hundred day moving average is $3.49. The company has a market cap of $1.05 billion, a P/E ratio of -1.75 and a beta of 1.77. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $5.76.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. Sell-side analysts expect that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

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.