Sabre Corporation (NASDAQ:SABR) Receives Average Recommendation of “Reduce” from Analysts

Sabre Corporation (NASDAQ:SABR) has been assigned a consensus rating of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.80.

SABR has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Wall Street Zen downgraded Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th.

Sabre Price Performance

Shares of NASDAQ:SABR opened at $1.10 on Friday. The business has a 50-day moving average of $1.40 and a two-hundred day moving average of $1.79. Sabre has a fifty-two week low of $1.07 and a fifty-two week high of $4.63. The stock has a market capitalization of $434.37 million, a P/E ratio of 0.89 and a beta of 1.06.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data 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 firm had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. The company’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. As a group, research analysts expect that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Discerene Group LP boosted its stake in shares of Sabre by 34.5% during the 3rd quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after buying an additional 7,323,272 shares during the last quarter. Par Capital Management Inc. raised its holdings in Sabre by 57.7% during 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 acquiring an additional 7,082,948 shares in the last quarter. Millennium Management LLC boosted its position in Sabre by 1,057.1% during the third quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock valued at $7,775,000 after purchasing an additional 3,881,379 shares during the last quarter. U S Global Investors Inc. grew its stake in Sabre by 54.0% in the third 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 purchasing an additional 3,049,688 shares in the last quarter. Finally, Simcoe Capital Management LLC acquired a new position in shares of Sabre during the 2nd quarter worth approximately $7,649,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.