Sabre (NASDAQ:SABR) Stock Dropped to “Strong Sell” by Zacks Research

Zacks Research downgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a strong sell rating in a research note published on Monday,Zacks reports.

Several other brokerages also recently weighed in on SABR. Weiss Ratings downgraded Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $1.75.

Sabre Price Performance

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Sabre in the second quarter worth $69,000. Engineers Gate Manager LP purchased a new position in shares of Sabre during the second quarter worth $31,000. Squarepoint Ops LLC acquired a new position in Sabre during the second quarter valued at $492,000. Corient Private Wealth LP acquired a new position in Sabre during the second quarter valued at $62,000. Finally, AXQ Capital LP acquired a new position in Sabre during the second quarter valued at $283,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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.