Sabre (NASDAQ:SABR) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Sabre (NASDAQ:SABR) from a buy rating to a hold rating in a report published on Wednesday.

Sabre Trading Up 1.6 %

Shares of NASDAQ:SABR opened at $3.77 on Wednesday. The firm’s 50 day moving average is $3.47 and its two-hundred day moving average is $3.14. The firm has a market capitalization of $1.45 billion, a P/E ratio of -4.77 and a beta of 1.74. Sabre has a 52 week low of $1.81 and a 52 week high of $4.68.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. Analysts predict that Sabre will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Sabre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC acquired a new position in Sabre in the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management acquired a new position in Sabre in the 2nd quarter worth approximately $29,000. Wellington Wealth Strategies LLC. acquired a new position in Sabre in the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC boosted its stake in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Sabre in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.