Sabre (NASDAQ:SABR) Given Neutral Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Sabre (NASDAQ:SABR) in a research report released on Tuesday, MarketBeat reports. Cantor Fitzgerald currently has a $4.00 price objective on the information technology services provider’s stock, down from their prior price objective of $5.00.

SABR has been the topic of a number of other research reports. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.25.

Sabre Price Performance

Shares of NASDAQ:SABR opened at $3.46 on Tuesday. The stock has a market capitalization of $1.34 billion, a PE ratio of -4.38 and a beta of 1.80. The company’s 50-day moving average price is $3.70 and its two-hundred day moving average price is $3.36. Sabre has a one year low of $1.81 and a one year high of $4.63.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping 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. During the same quarter in the previous year, the business posted ($0.10) EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after acquiring an additional 267,778 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after buying an additional 145,383 shares during the period. Envestnet Asset Management Inc. boosted its position in Sabre by 51.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after acquiring an additional 570,197 shares during the last quarter. Earnest Partners LLC grew its holdings in Sabre by 62.6% during the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after acquiring an additional 12,838,230 shares during the period. Finally, Algert Global LLC raised its position in shares of Sabre by 44.2% in the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 134,340 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.