Sabre (NASDAQ:SABR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Sabre (NASDAQ:SABR) from a hold rating to a sell rating in a report published on Saturday.

Several other equities research analysts also recently commented on SABR. Morgan Stanley restated a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Redburn Atlantic lowered shares of Sabre from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Sanford C. Bernstein upgraded shares of Sabre from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Zacks Research cut shares of Sabre from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Rothschild & Co Redburn cut shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price target for the company. in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.80.

Sabre Stock Up 2.5%

SABR stock traded up $0.05 during midday trading on Friday, reaching $1.88. The company had a trading volume of 4,218,175 shares, compared to its average volume of 7,912,040. The firm has a market capitalization of $741.68 million, a PE ratio of 1.53 and a beta of 1.55. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $2.38. Sabre has a fifty-two week low of $1.69 and a fifty-two week high of $4.63.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million during the quarter, compared to analyst estimates of $715.32 million. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. Research analysts predict that Sabre will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SABR. Teacher Retirement System of Texas acquired a new stake in shares of Sabre in the 1st quarter valued at about $151,000. Principal Financial Group Inc. raised its position in Sabre by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider’s stock valued at $5,402,000 after buying an additional 48,906 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Sabre by 0.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock worth $4,731,000 after acquiring an additional 9,880 shares in the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of Sabre in the first quarter valued at approximately $193,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Sabre by 27.8% in the first quarter. Allianz Asset Management GmbH now owns 2,617,378 shares of the information technology services provider’s stock worth $7,355,000 after purchasing an additional 569,972 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

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.