Sabre (NASDAQ:SABR) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

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

Sabre Stock Down 0.3 %

NASDAQ SABR opened at $3.73 on Tuesday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -4.72 and a beta of 1.80. Sabre has a 52-week low of $1.81 and a 52-week high of $4.63. The firm has a 50-day moving average price of $3.73 and a 200 day moving average price of $3.31.

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, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. During the same period last year, the company posted ($0.10) earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Sabre will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 3,116 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Sabre by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after acquiring an additional 3,270 shares during the period. Xponance Inc. lifted its holdings in shares of Sabre by 15.5% during the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Sabre by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after purchasing an additional 4,300 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in 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 valued at $171,000 after purchasing an additional 5,323 shares in the last quarter. Institutional investors and hedge funds 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.