Sabre’s (SABR) “Underperform” Rating Reaffirmed at Sanford C. Bernstein

Sanford C. Bernstein reiterated their underperform rating on shares of Sabre (NASDAQ:SABR) in a research report released on Tuesday morning, Marketbeat Ratings reports. They currently have a $3.00 price objective on the information technology services provider’s stock.

Separately, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.50.

Sabre Stock Performance

Shares of SABR stock opened at $3.66 on Tuesday. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $4.68. The company has a market cap of $1.41 billion, a PE ratio of -4.63 and a beta of 1.74. The stock’s fifty day moving average price is $3.49 and its two-hundred day moving average price is $3.15.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same period in the previous year, the firm posted ($0.10) EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Sabre will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Hedge funds have recently added to or reduced their stakes in the business. Earnest Partners LLC raised its stake in shares of Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares during the last quarter. Erste Asset Management GmbH bought a new position in Sabre during the 3rd quarter worth $36,185,000. Tidal Investments LLC bought a new position in Sabre during the 1st quarter worth $3,463,000. Beaconlight Capital LLC grew its position in shares of Sabre by 32.2% in the 3rd quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after buying an additional 962,665 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Sabre by 1.6% in the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock valued at $102,420,000 after buying an additional 678,588 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

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.