MetLife Investment Management LLC Has $720,000 Holdings in Sabre Co. (NASDAQ:SABR)

MetLife Investment Management LLC decreased its stake in Sabre Co. (NASDAQ:SABR) by 9.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 196,269 shares of the information technology services provider’s stock after selling 21,273 shares during the period. MetLife Investment Management LLC’s holdings in Sabre were worth $720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Sabre by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 208,510 shares of the information technology services provider’s stock worth $505,000 after purchasing an additional 13,554 shares during the period. California State Teachers Retirement System lifted its holdings in Sabre by 11.4% during the first quarter. California State Teachers Retirement System now owns 357,507 shares of the information technology services provider’s stock worth $865,000 after acquiring an additional 36,623 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Sabre by 40.3% during the second quarter. SG Americas Securities LLC now owns 53,305 shares of the information technology services provider’s stock worth $142,000 after acquiring an additional 15,315 shares in the last quarter. Diversified Trust Co grew its stake in Sabre by 7.1% in the second quarter. Diversified Trust Co now owns 100,518 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 6,645 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Sabre in the second quarter worth about $26,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

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

Sabre Price Performance

Shares of Sabre stock opened at $3.74 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80. The stock’s 50-day moving average is $3.62 and its 200-day moving average is $3.23. Sabre Co. has a one year low of $1.81 and a one year high of $4.68.

Sabre (NASDAQ:SABR) last released its earnings results 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 firm had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Sabre Co. will post -0.3 EPS 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.