Sabre (NASDAQ:SABR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sabre presently has a consensus rating of “Hold” and an average target price of $3.50.

Sabre Trading Down 0.3 %

SABR opened at $3.73 on Tuesday. Sabre has a twelve month low of $1.81 and a twelve month high of $4.63. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -4.72 and a beta of 1.80. The company has a fifty day simple moving average of $3.73 and a 200 day simple moving average of $3.31.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Wealth Strategies LLC. acquired a new position in shares of Sabre in the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC boosted its holdings in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares during the period. Canada Pension Plan Investment Board bought a new stake in Sabre during the second quarter valued at $34,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sabre during the second quarter worth $35,000. Finally, Sage Rhino Capital LLC bought a new position in shares of Sabre in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.