Sabre (NASDAQ:SABR) Rating Lowered to Strong Sell at Zacks Research

Sabre (NASDAQ:SABR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Other equities research analysts have also issued reports about the company. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings downgraded shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $1.75.

Sabre Price Performance

Shares of NASDAQ SABR opened at $1.56 on Monday. Sabre has a 12-month low of $0.81 and a 12-month high of $2.50. The stock’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $1.73.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. Sell-side analysts expect that Sabre will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SABR. BlackRock Inc. acquired a new stake in shares of Sabre in the second quarter valued at approximately $114,425,000. Arini Capital Management Ltd bought a new stake in shares of Sabre in the 2nd quarter worth $81,719,000. Discerene Group LP raised its position in Sabre by 1.5% in the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after acquiring an additional 569,711 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Sabre during the second quarter valued at approximately $4,184,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sabre during the 2nd quarter valued at $3,443,000. Institutional investors own 89.42% of the company’s stock.

About Sabre

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.