Sabre (NASDAQ:SABR) Upgraded at StockNews.com

StockNews.com upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research report released on Monday.

Separately, Sanford C. Bernstein restated an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Down 5.1 %

NASDAQ SABR opened at $3.76 on Monday. Sabre has a 12-month low of $1.81 and a 12-month high of $4.63. The company has a market capitalization of $1.45 billion, a PE ratio of -4.76 and a beta of 1.80. The firm’s 50 day moving average is $3.68 and its 200-day moving average is $3.28.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $774.53 million. During the same quarter last year, the business earned ($0.10) earnings per share. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Sabre will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently added to or reduced their stakes in SABR. SG Americas Securities LLC boosted its position in Sabre by 40.3% during the second quarter. SG Americas Securities LLC now owns 53,305 shares of the information technology services provider’s stock worth $142,000 after purchasing an additional 15,315 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Sabre during the second quarter worth $26,000. Louisiana State Employees Retirement System boosted its position in Sabre by 2.3% during the second 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. Bank of New York Mellon Corp boosted its position in Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after purchasing an additional 150,989 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sabre by 99.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,450 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 50,187 shares during the period. 89.42% of the stock is currently 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.