Sabre Corporation (NASDAQ:SABR) Receives Average Rating of “Reduce” from Brokerages

Shares of Sabre Corporation (NASDAQ:SABR) have been given an average rating of “Reduce” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.80.

SABR has been the subject of several research reports. Zacks Research lowered shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Wall Street Zen cut shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th.

Sabre Trading Up 0.8%

NASDAQ:SABR opened at $1.28 on Monday. The business’s 50-day moving average is $1.51 and its 200 day moving average is $1.96. Sabre has a 12 month low of $1.20 and a 12 month high of $4.63. The company has a market capitalization of $505.46 million, a P/E ratio of 1.04 and a beta of 1.07.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analyst estimates of $715.32 million. Sabre’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, research analysts forecast that Sabre will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Sabre by 46.9% in the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock valued at $491,000 after acquiring an additional 55,840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after purchasing an additional 9,923 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Sabre in the 1st quarter worth about $140,000. Jones Financial Companies Lllp lifted its stake in Sabre by 265.7% in the first quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock worth $806,000 after purchasing an additional 208,371 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Sabre in the first quarter worth about $80,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Company Profile

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.