Sabre Corporation (NASDAQ:SABR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Sabre Corporation (NASDAQ:SABR) have been assigned a consensus rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $1.9667.

Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SABR. U S Global Investors Inc. increased its position in Sabre by 17.0% during the 4th quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after purchasing an additional 1,477,143 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of Sabre in the 4th quarter worth approximately $1,326,000. Mizuho Markets Americas LLC bought a new stake in shares of Sabre in the 4th quarter valued at $2,720,000. Graham Capital Management L.P. bought a new stake in shares of Sabre in the 4th quarter valued at $6,054,000. Finally, Ampfield Management L.P. acquired a new stake in shares of Sabre during the first quarter worth $7,505,000. 89.42% of the stock is owned by institutional investors.

Sabre Stock Performance

NASDAQ:SABR opened at $1.85 on Monday. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $1.55. Sabre has a 1-year low of $0.81 and a 1-year high of $3.29. The stock has a market cap of $731.32 million, a P/E ratio of 1.70 and a beta of 0.96.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. As a group, equities analysts forecast that Sabre will post -0.13 EPS for the current year.

About Sabre

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.