Sabre’s (SABR) “Neutral” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Sabre (NASDAQ:SABR) in a research note released on Friday,Benzinga reports. They currently have a $4.00 price target on the information technology services provider’s stock.

Several other research analysts have also recently weighed in on SABR. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Stock Up 8.9 %

Shares of NASDAQ SABR opened at $4.52 on Friday. Sabre has a 52 week low of $1.81 and a 52 week high of $4.63. The business has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.46. The company has a market cap of $1.74 billion, a P/E ratio of -6.28, a P/E/G ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. Equities research analysts anticipate that Sabre will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

A number of large investors have recently added to or reduced their stakes in SABR. International Assets Investment Management LLC increased its position in shares of Sabre by 267.0% during the 3rd 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 last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Sabre in the third quarter worth approximately $46,000. Versor Investments LP bought a new position in Sabre during the third quarter valued at approximately $287,000. GSA Capital Partners LLP lifted its holdings in shares of Sabre by 12.9% in the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after acquiring an additional 5,323 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Sabre in the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.