Sabre Corporation (NASDAQ:SABR) Receives Consensus Rating of “Hold” from Analysts

Shares of Sabre Corporation (NASDAQ:SABR) have received an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1.75.

A number of analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Sabre in a research note on Thursday. Weiss Ratings cut shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th.

Hedge Funds Weigh In On Sabre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. Cerity Partners LLC lifted its holdings in shares of Sabre by 22.6% in the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after buying an additional 5,617 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after purchasing an additional 8,262 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after acquiring an additional 9,923 shares during the last quarter. Empowered Funds LLC lifted its stake in Sabre by 12.9% in the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock worth $258,000 after purchasing an additional 10,530 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Sabre by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock valued at $1,574,000 after purchasing an additional 10,742 shares during the period. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

NASDAQ SABR traded up $0.01 during trading on Thursday, reaching $2.19. 236,539 shares of the company’s stock were exchanged, compared to its average volume of 7,020,172. The business has a 50 day moving average price of $1.96 and a 200-day moving average price of $1.70. Sabre has a fifty-two week low of $0.81 and a fifty-two week high of $2.30. The stock has a market capitalization of $881.83 million, a P/E ratio of 1.33 and a beta of 0.97.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to the consensus estimate of $697.40 million. On average, analysts forecast that Sabre will post -0.16 earnings per share for the current year.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.