Sabre Corporation (NASDAQ:SABR) Receives Average Recommendation of “Hold” from Brokerages

Sabre Corporation (NASDAQ:SABR) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.80.

SABR has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Sabre Trading Up 9.0%

SABR opened at $1.46 on Monday. The stock has a market capitalization of $576.54 million, a P/E ratio of 1.19 and a beta of 1.07. The stock has a 50-day moving average price of $1.58 and a 200-day moving average price of $2.03. Sabre has a 12-month low of $1.31 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. Sabre’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS. On average, equities research analysts predict that Sabre will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Sabre

Institutional investors and hedge funds have recently bought and sold shares of the stock. Discerene Group LP lifted its position in Sabre by 34.5% in the third quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock valued at $52,275,000 after purchasing an additional 7,323,272 shares during the last quarter. Par Capital Management Inc. increased its stake in shares of Sabre by 57.7% in the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after buying an additional 7,082,948 shares during the period. U S Global Investors Inc. raised its holdings in Sabre by 54.0% during the 3rd quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock valued at $15,915,000 after buying an additional 3,049,688 shares during the last quarter. Ninety One UK Ltd boosted its position in Sabre by 1.6% during the 3rd quarter. Ninety One UK Ltd now owns 5,029,303 shares of the information technology services provider’s stock valued at $9,204,000 after buying an additional 78,779 shares during the period. Finally, Millennium Management LLC grew its holdings in Sabre by 1,057.1% in the 3rd quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock worth $7,775,000 after acquiring an additional 3,881,379 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.