Sabre’s (SABR) Underperform Rating Reiterated at Sanford C. Bernstein

Sabre (NASDAQ:SABR)‘s stock had its “underperform” rating reaffirmed by Sanford C. Bernstein in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $3.00 price objective on the information technology services provider’s stock. Sanford C. Bernstein’s price objective points to a potential downside of 20.84% from the company’s previous close.

Separately, StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.50.

Sabre Price Performance

Shares of SABR opened at $3.79 on Tuesday. The company has a market cap of $1.46 billion, a PE ratio of -4.80 and a beta of 1.74. Sabre has a one year low of $1.81 and a one year high of $4.68. The stock has a 50-day moving average of $3.47 and a 200-day moving average of $3.14.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. Analysts expect that Sabre will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Sabre by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after purchasing an additional 678,588 shares in the last quarter. Earnest Partners LLC raised its holdings in Sabre by 62.6% in the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after buying an additional 12,838,230 shares during the period. State Street Corp grew its position in Sabre by 1.0% in the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after acquiring an additional 140,218 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Sabre during the third quarter worth approximately $36,185,000. Finally, Geode Capital Management LLC grew its position in shares of Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after buying an additional 145,383 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

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.