Sabre (NASDAQ:SABR) Cut to Hold at StockNews.com

Sabre (NASDAQ:SABR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.50.

Sabre Trading Up 0.3 %

SABR opened at $3.74 on Tuesday. Sabre has a 1 year low of $1.81 and a 1 year high of $4.63. The stock has a fifty day moving average price of $3.72 and a 200 day moving average price of $3.30. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last announced its quarterly 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 period in the previous year, the firm posted ($0.10) EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after buying an additional 145,383 shares during the last quarter. Barclays PLC raised its holdings in Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after acquiring an additional 267,778 shares during the period. MML Investors Services LLC bought a new position in Sabre in the 3rd quarter worth $45,000. XTX Topco Ltd acquired a new position in Sabre during the 3rd quarter worth $244,000. Finally, Zacks Investment Management bought a new stake in Sabre during the third quarter valued at about $41,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.