Sabre (NASDAQ:SABR) Rating Increased to Hold at Zacks Research

Sabre (NASDAQ:SABR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Wall Street Zen cut Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and an average target price of $3.80.

Sabre Stock Down 6.7%

NASDAQ SABR opened at $0.99 on Wednesday. The company’s 50 day moving average is $1.35 and its 200-day moving average is $1.72. Sabre has a 12-month low of $0.90 and a 12-month high of $4.63. The firm has a market cap of $390.43 million, a P/E ratio of 0.80 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in Sabre by 7.7% during the second quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock valued at $187,000 after buying an additional 4,208 shares during the period. Cerity Partners LLC boosted its position in shares of Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after acquiring an additional 5,617 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Sabre by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock worth $315,000 after purchasing an additional 7,228 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 8,262 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Sabre by 17.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider’s stock valued at $111,000 after purchasing an additional 9,187 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

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.