Sabre (NASDAQ:SABR) Stock Rating Lowered by StockNews.com

Sabre (NASDAQ:SABR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Sabre Price Performance

NASDAQ:SABR traded up $0.07 during trading hours on Wednesday, reaching $3.69. The company had a trading volume of 4,311,913 shares, compared to its average volume of 4,373,944. The firm has a market cap of $1.42 billion, a PE ratio of -4.67 and a beta of 1.74. The business’s 50 day moving average price is $3.43 and its 200-day moving average price is $3.13. Sabre has a 1-year low of $1.81 and a 1-year high of $4.68.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. Sabre’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. On average, analysts expect that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Sabre by 20.5% during the 1st quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 28,369 shares during the last quarter. Swiss National Bank lifted its stake in shares of Sabre by 20.8% during the first quarter. Swiss National Bank now owns 711,900 shares of the information technology services provider’s stock worth $1,723,000 after purchasing an additional 122,400 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sabre during the first quarter valued at approximately $342,000. ProShare Advisors LLC boosted its position 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 valued at $164,000 after buying an additional 4,580 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sabre by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after purchasing an additional 678,588 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.