StockNews.com Downgrades Sabre (NASDAQ:SABR) to Hold

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

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

Sabre Stock Performance

Shares of NASDAQ 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 firm has a market cap of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80. The stock has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $3.30.

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 firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. During the same period in the prior year, the business earned ($0.10) EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SABR. Louisiana State Employees Retirement System lifted its position in shares of Sabre by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after acquiring an additional 4,300 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock valued at $8,876,000 after buying an additional 150,989 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sabre by 99.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,450 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 50,187 shares during the period. Panagora Asset Management Inc. lifted its stake in Sabre by 3.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 798,070 shares of the information technology services provider’s stock worth $2,131,000 after acquiring an additional 23,246 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new stake in Sabre during the 2nd quarter worth about $38,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Company 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.