Sabre (NASDAQ:SABR) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a research note released on Wednesday morning.

Sabre Stock Performance

Shares of SABR opened at $3.77 on Wednesday. Sabre has a 12 month low of $1.81 and a 12 month high of $4.68. The stock has a fifty day moving average price of $3.47 and a 200 day moving average price of $3.14.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. On average, equities analysts forecast that Sabre will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Sabre by 20.5% in the first quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 28,369 shares in the last quarter. Swiss National Bank grew its position in Sabre by 20.8% in the 1st quarter. Swiss National Bank now owns 711,900 shares of the information technology services provider’s stock valued at $1,723,000 after buying an additional 122,400 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Sabre during the 1st quarter valued at about $342,000. ProShare Advisors LLC raised its position in shares of Sabre by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Sabre by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after buying an additional 678,588 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

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.