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

StockNews.com lowered shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a report published on Wednesday morning.

Sabre Trading Up 1.9 %

Shares of SABR opened at $3.69 on Wednesday. The company has a market cap of $1.42 billion, a PE ratio of -4.67 and a beta of 1.74. The stock has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.13. Sabre has a 12-month low of $1.81 and a 12-month high of $4.68.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, analysts predict that Sabre will post -0.3 earnings per share for the current year.

Institutional Trading of Sabre

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Sabre by 267.0% in the 3rd 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. Fifth Third Wealth Advisors LLC purchased a new position in Sabre in the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management purchased a new position in Sabre in the 2nd quarter worth approximately $29,000. Wellington Wealth Strategies LLC. purchased a new position in Sabre in the 2nd quarter worth approximately $32,000. Finally, 626 Financial LLC purchased a new position in Sabre in the 3rd quarter worth approximately $44,000. Institutional investors 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.