Sabre (NASDAQ:SABR) Upgraded at Zacks Research

Zacks Research upgraded shares of Sabre (NASDAQ:SABR) from a strong sell rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on SABR. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.80.

Sabre Stock Performance

NASDAQ:SABR opened at $0.95 on Wednesday. Sabre has a 52-week low of $0.90 and a 52-week high of $4.63. The company has a market cap of $375.15 million, a P/E ratio of 0.77 and a beta of 1.06. The stock’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.70.

Institutional Trading of Sabre

Hedge funds have recently modified their holdings of the stock. 626 Financial LLC acquired a new position in Sabre in the 2nd quarter valued at about $35,000. MQS Management LLC bought a new stake in shares of Sabre during the second quarter worth approximately $42,000. GSA Capital Partners LLP acquired a new position in shares of Sabre in the third quarter valued at approximately $32,000. Diligent Investors LLC bought a new position in shares of Sabre during the third quarter worth approximately $35,000. Finally, Oak Thistle LLC acquired a new stake in Sabre during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.