Sabre (NASDAQ:SABR) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a report released on Tuesday.

Separately, Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.50.

Sabre Stock Performance

NASDAQ SABR opened at $3.74 on Tuesday. Sabre has a 52 week low of $1.81 and a 52 week high of $4.63. The stock’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $3.30. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same period last year, the business posted ($0.10) EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Sabre will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wellington Wealth Strategies LLC. acquired a new position in shares of Sabre in the second quarter valued at approximately $32,000. International Assets Investment Management LLC grew its holdings in Sabre by 267.0% in 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 buying an additional 6,582 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Sabre during the 2nd quarter worth $34,000. Vanguard Personalized Indexing Management LLC bought a new position in Sabre during the 2nd quarter worth $35,000. Finally, Sage Rhino Capital LLC acquired a new stake in shares of Sabre during the second quarter worth $38,000. 89.42% of the stock is owned by institutional investors.

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.