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

Sabre (NASDAQ:SABR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 price target on shares of Sabre in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

Sabre Stock Performance

SABR stock opened at $3.73 on Tuesday. The stock’s 50 day moving average price is $3.72 and its 200 day moving average price is $3.30. The firm has a market cap of $1.44 billion, a P/E ratio of -4.72 and a beta of 1.80. Sabre has a 1 year low of $1.81 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, research analysts predict that Sabre will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew 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 valued at $33,000 after purchasing an additional 6,582 shares during the period. Zacks Investment Management acquired a new position in shares of Sabre in the 3rd quarter valued at $41,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre during the 2nd quarter valued at $32,000. 626 Financial LLC acquired a new stake in shares of Sabre during the 3rd quarter worth $44,000. Finally, MML Investors Services LLC purchased a new position in shares of Sabre in the 3rd quarter worth $45,000. 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.