Sabre Corporation (NASDAQ:SABR) Receives Average Rating of “Reduce” from Analysts

by · The Cerbat Gem

Sabre Corporation (NASDAQ:SABR – Get Free Report) has earned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.80.

A number of equities research analysts recently commented on SABR shares. Zacks Research cut shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Finally, Wall Street Zen cut Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Get Our Latest Research Report on SABR

Sabre Stock Performance

Shares of NASDAQ SABR opened at $1.28 on Monday. The company has a market cap of $505.46 million, a P/E ratio of 1.04 and a beta of 1.07. Sabre has a 52-week low of $1.20 and a 52-week high of $4.63. The firm’s fifty day moving average is $1.51 and its two-hundred day moving average is $1.98.

Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, analysts forecast that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Discerene Group LP grew its stake in shares of Sabre by 34.5% in the third quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after acquiring an additional 7,323,272 shares in the last quarter. Par Capital Management Inc. grew its position in shares of Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after acquiring an additional 7,082,948 shares during the last quarter. U S Global Investors Inc. increased its stake in Sabre by 54.0% in the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock valued at $15,915,000 after purchasing an additional 3,049,688 shares during the period. Ninety One UK Ltd raised its stake in Sabre by 1.6% during the 3rd quarter. Ninety One UK Ltd now owns 5,029,303 shares of the information technology services provider’s stock valued at $9,204,000 after acquiring an additional 78,779 shares during the last quarter. Finally, Millennium Management LLC grew its position in Sabre by 1,057.1% in the 3rd quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock valued at $7,775,000 after buying an additional 3,881,379 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Company Profile

(Get Free Report)

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.

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