Sabre (NASDAQ:SABR) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a research note published on Wednesday.

Sabre Stock Performance

Shares of SABR opened at $3.69 on Wednesday. The business has a 50-day moving average of $3.43 and a 200 day moving average of $3.13. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $4.68. The firm has a market cap of $1.42 billion, a P/E ratio of -4.67 and a beta of 1.74.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. During the same period last year, the business posted ($0.10) EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd bought a new position in Sabre in the 1st quarter worth about $784,000. ProShare Advisors LLC boosted its stake in Sabre by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 4,580 shares during the period. Tidal Investments LLC bought a new position in Sabre in the 1st quarter worth about $3,463,000. Envestnet Asset Management Inc. boosted its stake in Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after purchasing an additional 570,197 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Sabre in the 1st quarter worth about $342,000. Institutional investors own 89.42% 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.