StockNews.com Lowers Sabre (NASDAQ:SABR) to Hold

Sabre (NASDAQ:SABR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald assumed coverage on Sabre in a research note on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price target on the stock. Mizuho decreased their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Finally, Bank of America upgraded Sabre from an “underperform” rating to a “neutral” rating and raised their price target for the company from $3.50 to $5.00 in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Sabre currently has a consensus rating of “Hold” and a consensus price target of $4.40.

Sabre Stock Up 12.8 %

Shares of Sabre stock traded up $0.26 during trading on Wednesday, reaching $2.29. The company’s stock had a trading volume of 6,748,973 shares, compared to its average volume of 5,383,530. The business has a 50 day moving average price of $3.35 and a 200-day moving average price of $3.83. Sabre has a 12-month low of $1.81 and a 12-month high of $5.76. The company has a market capitalization of $869.03 million, a P/E ratio of -1.45 and a beta of 1.78.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million for the quarter, compared to analyst estimates of $707.89 million. Research analysts predict that Sabre will post -0.21 EPS for the current fiscal year.

Insider Transactions at Sabre

In other news, insider Sean E. Menke sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $4.43, for a total value of $221,500.00. Following the sale, the insider now directly owns 1,567,340 shares in the company, valued at $6,943,316.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Sabre by 0.5% in the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock valued at $5,758,000 after purchasing an additional 6,204 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Sabre during the 3rd quarter valued at about $404,000. Epoch Investment Partners Inc. acquired a new stake in shares of Sabre in the third quarter worth approximately $1,173,000. Swiss National Bank boosted its position in shares of Sabre by 2.0% in the third quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock worth $2,949,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Sabre by 123.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,106,112 shares of the information technology services provider’s stock valued at $4,966,000 after purchasing an additional 610,610 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.