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

Sabre Corporation (NASDAQ:SABR) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.80.

Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Sabre from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Finally, Wall Street Zen cut Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th.

Hedge Funds Weigh In On Sabre

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in 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 worth $491,000 after buying an additional 55,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sabre by 4.6% during the first 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 acquiring an additional 9,923 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Sabre in the 1st quarter worth approximately $140,000. Jones Financial Companies Lllp lifted its position in Sabre by 265.7% in the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after acquiring an additional 208,371 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Sabre in the 1st quarter valued at approximately $80,000. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Shares of Sabre stock opened at $1.16 on Friday. Sabre has a 1 year low of $1.07 and a 1 year high of $4.63. The firm has a market cap of $458.07 million, a price-to-earnings ratio of 0.94 and a beta of 1.06. The company has a 50-day moving average of $1.37 and a 200 day moving average of $1.73.

About Sabre

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.