Sabre (NASDAQ:SABR) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Sabre (NASDAQ:SABR) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research firms have also recently commented on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Wall Street Zen downgraded Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Stock Down 6.7%

Sabre stock opened at $0.99 on Wednesday. The stock has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.72. The stock has a market capitalization of $390.43 million, a price-to-earnings ratio of 0.80 and a beta of 1.06. Sabre has a 12-month low of $0.90 and a 12-month high of $4.63.

Hedge Funds Weigh In On Sabre

A number of hedge funds and other institutional investors have recently bought and sold shares of SABR. U S Global Investors Inc. increased its stake in shares of Sabre by 54.0% in the 3rd 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 acquiring an additional 3,049,688 shares during the last quarter. Discerene Group LP boosted its stake in Sabre by 11.2% during the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock worth $67,126,000 after acquiring an additional 2,132,064 shares during the last quarter. Praxis Investment Management Inc. grew its holdings in Sabre by 50.0% during the second quarter. Praxis Investment Management Inc. now owns 47,120 shares of the information technology services provider’s stock valued at $149,000 after purchasing an additional 15,700 shares during the period. Third Point LLC bought a new stake in Sabre in the second quarter valued at approximately $2,370,000. Finally, CWM LLC raised its holdings in Sabre by 90.3% in the second quarter. CWM LLC now owns 54,292 shares of the information technology services provider’s stock worth $172,000 after purchasing an additional 25,762 shares during the period. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

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.