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

Sanford C. Bernstein restated their underperform rating on shares of Sabre (NASDAQ:SABR) in a research report released on Tuesday, MarketBeat reports. They currently have a $3.00 price target on the information technology services provider’s stock.

Separately, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One equities research 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. According to MarketBeat, Sabre presently has an average rating of “Hold” and a consensus target price of $3.50.

Sabre Price Performance

Sabre stock opened at $3.67 on Tuesday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -4.58 and a beta of 1.74. Sabre has a 1-year low of $1.81 and a 1-year high of $4.68. The business has a fifty day moving average price of $3.51 and a 200-day moving average price of $3.16.

Sabre (NASDAQ:SABR) last issued its quarterly 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 quarter in the prior year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sabre will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Sabre during the second quarter valued at $26,000. Triangle Securities Wealth Management bought a new position in Sabre in the second quarter worth about $29,000. Zacks Investment Management acquired a new position in Sabre in the third quarter valued at approximately $41,000. Finally, Wellington Wealth Strategies LLC. bought a new position in shares of Sabre during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.