StockNews.com Begins Coverage on Sabre (NASDAQ:SABR)

StockNews.com assumed coverage on shares of Sabre (NASDAQ:SABR – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the information technology services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Bank of America downgraded Sabre from a buy rating to an underperform rating and cut their target price for the stock from $11.00 to $7.00 in a research report on Wednesday, January 11th. Morgan Stanley cut their target price on Sabre from $7.00 to $6.50 and set an equal weight rating for the company in a research report on Thursday, February 16th. Finally, Sanford C. Bernstein assumed coverage on Sabre in a research report on Wednesday, March 8th. They issued an underperform rating and a $4.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $5.88.

Sabre Trading Down 3.5 %

Shares of NASDAQ SABR opened at $3.88 on Thursday. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $5.89. The company has a market cap of $1.27 billion, a PE ratio of -2.77 and a beta of 1.84. Sabre has a 12-month low of $3.78 and a 12-month high of $11.77.

Sabre (NASDAQ:SABR – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The information technology services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The firm had revenue of $631.18 million during the quarter, compared to analyst estimates of $673.88 million. Sell-side analysts forecast that Sabre will post -0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC increased its holdings in shares of Sabre by 315.5% in the fourth quarter. Voya Investment Management LLC now owns 519,544 shares of the information technology services provider’s stock valued at $3,211,000 after buying an additional 394,499 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Sabre by 97.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 83,784 shares of the information technology services provider’s stock valued at $517,000 after buying an additional 41,394 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sabre by 147.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,171 shares of the information technology services provider’s stock valued at $44,000 after buying an additional 4,277 shares in the last quarter. State of Wyoming bought a new position in shares of Sabre in the fourth quarter valued at $31,000. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Sabre by 11.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 20,165 shares of the information technology services provider’s stock valued at $125,000 after buying an additional 2,149 shares in the last quarter.

About Sabre

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Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.