Sabre (NASDAQ:SABR) Earns “Underperform” Rating from Sanford C. Bernstein

Sanford C. Bernstein reiterated their underperform rating on shares of Sabre (NASDAQ:SABR) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. Sanford C. Bernstein currently has 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 note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

Sabre Stock Up 1.9 %

Shares of NASDAQ SABR opened at $3.67 on Tuesday. The stock’s fifty day simple moving average is $3.51 and its 200 day simple moving average is $3.16. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -4.58 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 results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating 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) earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Sabre will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC increased its holdings in shares of Sabre by 62.6% in 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 purchasing an additional 12,838,230 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Sabre during the third quarter valued at $36,185,000. Tidal Investments LLC acquired a new position in Sabre during the 1st quarter valued at about $3,463,000. Beaconlight Capital LLC boosted its stake 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 purchasing an additional 962,665 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Sabre by 1.6% during the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after buying an additional 678,588 shares during the last quarter. 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.