Sabre (NASDAQ:SABR) Stock Gets Downgrade from Zacks Research

Sabre (NASDAQ:SABR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

A number of other equities research analysts also recently weighed in on SABR. Weiss Ratings downgraded Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $1.75.

Sabre Stock Down 4.9%

NASDAQ:SABR opened at $1.56 on Monday. The company has a 50-day moving average of $2.02 and a 200-day moving average of $1.73. Sabre has a 52 week low of $0.81 and a 52 week high of $2.50.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. Equities research analysts predict that Sabre will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new stake in Sabre during the second quarter worth about $30,000. Engineers Gate Manager LP acquired a new stake in shares of Sabre during the second quarter worth approximately $31,000. Allworth Financial LP acquired a new stake in shares of Sabre during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sabre in the second quarter valued at approximately $32,000. Finally, DGS Capital Management LLC bought a new position in shares of Sabre in the first quarter valued at approximately $25,000. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.